Chinese regulators are preparing to hammer ride-hailing giant Didi with a massive fine, or some other “unprecedented” punishment, such as de-listing …
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Beijing Has Tech Giant Didi In The Crosshairs
Didi Joins China’s Worst U.S. IPOs After New Regulatory Pressure
Didi Global Inc. is quickly becoming one of the worst IPOs of this year among foreign companies on news China is mulling additional penalties — from fines to a delisting — for the ride-hailing giant…
US-Sanctioned Chinese Firm Helps Iran, Venezuela To Export Oil
A Chinese logistics company has become the key intermediary helping Iran and Venezuela to export their crude oil in defiance of the U.S. sanctions against the two OPEC members …
Didi falls 10% on reports that China is planning heavy penalties for the ride-share giant following its US IPO
Regulators were looking at a range of penalties. Measures could include forcing the company to delist or withdraw its US shares, Bloomberg reported.
China reportedly weighs ‘unprecedented’ penalties for Didi after US IPO
Just two days after Didi went public in the US at a valuation of $80 billion, China’s cybersecurity regulator revealed it was investigating the company over privacy concerns.
Didi Falls Again on Report of China Considering Serious Penalties Over IPO
Didi Global ADRs (NYSE:DIDI) fell over 5% in Thursday’s premarket trading following a report that authorities in China are considering slapping “serious, perhaps unprecedented” penalties on the …
Wall Street banks redirect China IPOs to Hong Kong after Didi shock
Global investment banks are racing to redirect initial public offerings by Chinese groups towards Hong Kong after new cyber security rules from Beijing halted lucrative tech listings previously …
Chinese Walk Through the Rain in Beijing, China
Chinese walk past the Drum Tower under umbrellas as rain continues to soak Beijing, on Thursday, July 22, 2021. China, like man countries this month, is experiencing record levels or rain, which has …
China Complains About Senior Biden Official Before Key Visit to Soothe Tensions
Deputy Secretary of State Wendy Sherman will become the highest-ranking Biden official to visit China when she lands in Tianjin on Sunday.
China Internet Stocks Rebound
The article doesn’t mention the amount of revenue generated by US companies in China from goods sold from plants based in China. That revenue isn’t considered “trade” since it isn’t put on a boat. I…
China’s first stealth fighter for aircraft carriers is emerging, but a big problem still weighs it down
A model jet spotted on a fake aircraft carrier is the latest hint about what China’s navy may have planned for its carrier air wings.
$300K In Bucks-Bound Counterfeit Car Parts Intercepted: Customs
Philadelphia Customs agents said the shipment from China, addressed to a Feasterville-Trevose location, contained 5,657 pieces.
China evacuates tens of thousands as storm spreads north, death toll rises
More cities were inundated and crops destroyed as the severe weather spread northwards, with Xinhua news reporting direct economic losses of $189 million.
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