BEIJING — Didi Chuxing, China’s top ride-hailing company, is preparing an IPO in the U.S., Nikkei has learned. The IPO is expected to value the company at around $70 billion to $100 billion.
Featured Posts Title
Rare Beijing spy series highlights real-life intelligence drama with Taiwan
Ahead of Xi’s US visit, China’s soybean crushers face high costs, weak margins
China just pumped $54 billion into banks and insurers — but their stocks still fell
Peru Shows the Limits of Washington’s Anti-China Push
Social Media in China Is Getting Really Dark
China’s Nvidia challenger crashed 20% in a reality check for an AI darling
From dance floor to war: China readies humanoid robots for combat
Recent Posts
China’s Didi prepares for IPO in US, sources say
Sinopharm’s protein-based COVID-19 vaccine candidate gets China clinical trial nod
BEIJING, April 10 (Reuters) – The China National Biotec Group Company (CNBG) has obtained regulatory approval to move a third COVID-19 vaccine candidate into the human testing stage in China, CNBG …
China opposes addition of 7 companies to US export-control list: MOC
China is opposed to the United States including seven Chinese supercomputing entities in its “entity list” for export controls, a Ministry of Commerce spokesperson said Friday. Employing excuses such …
Top 10 IPOs by China’s billion-dollar tech start-ups to watch for in 2021, including Megvii, Douyin, Didi Chuxing and ByteDance
it would simply stop the IPO of any “sick” company trying to force its way through to IPO in Shanghai or Shenzhen. China’s booming consumer market is good fodder for unicorns that specialise in …
Alibaba fined $2.8 billion on competition charge in China
Party leaders worry about the dominance of China’s biggest internet companies, which are expanding into finance, health services and other sensitive areas. The party says anti-monopoly enforcement, …
China fines Alibaba billions for alleged market abuses
Platform co-founded by Jack Ma, who has criticised Chinese authorities, misused its dominance, say state regulators …
China’s Alibaba hit with record $2.75 billion antitrust fine
Chinese regulators said on Saturday they have fined Alibaba Group Holding Ltd a domestic record $2.75 billion for antitrust violations, amid an unprecedented regulatory crackdown on Jack Ma’s company …
Beijing orders five Chinese cities including Guangzhou, Dongguan to rein in their runaway house prices
Beijing’s hard stance on curbing home prices and avoiding … Wang Jianfan, director of the tax policy department of the Ministry of Finance, said on Wednesday that the country will “actively and …
Why China is banking on Suez and plans for a new Egyptian capital
The China State Construction Engineering Corporation, the contractor for the project, is building an 80-storey, 385-metre tower as part of the project, which will be the tallest building in Africa …
China Fines Alibaba Group $2.8 Billion in Monopoly Probe
China imposed a fine of 18.2 billion yuan ($2.8 billion) on Alibaba Group after an anti-monopoly probe, part of a regulatory crackdown that has raised concerns about the future of Jack Ma’s tech …
China able to produce 5b COVID-19 vaccine doses annually by 2022
China is expected to achieve an annual production capacity of 5 billion doses of COVID-19 vaccine by the end of next year, with nearly 70 percent of its population vaccinated, said Feng Duojia, …
China promotes COVID-19 vaccination with high efficiency
The Chinese pharmaceutical giant said its daily output of COVID-19 vaccines had reached about 3 million doses and would be further expanded to meet the growing demand of China and other countries.
A Chinese grandfather holds his grandson in Beijing, China
A Chinese grandfather holds his grandson as they go for a walk in Beijing on February 23, 2018. China’s one-child policy enforced since 1980 has, when combined with a cultural preference for boys and …
