Didi Global Inc. plunged Tuesday in U.S. trading as the ride-hailing company faced scrutiny over its data security and a broader Chinese crackdown on companies listing their shares abroad.China’s …
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Biden Seeks Xi’s Help with North Korea’s Nuclear Weapons, China Asks U.S. to Hear Kim Out
China’s envoy to North Korea “called on the US to take seriously and address the DPRK’s legitimate and reasonable concerns” and a State Department spokesperson told Newsweek that Washington and …
China crackdown on tech and overseas-listed shares prompts sell-off of Didi, others
Didi Global Inc (DIDI.N) shares fell as much as 25% in early U.S. trading on Tuesday in the first session since Chinese regulators ordered the company’s app to be taken down days after its $4.4…
Biden Official Sees ‘Dangerous,’ ‘Delicate’ Balance With Taiwan After China Warns of War
Pacific, stressed a need to walk the line of showing China what actions won’t be tolerated and not escalating tensions.
4 Ways Western Luxury Brands Can Localize China Retail
Retailers have replaced universal approaches with personalized experiences and customized products. These are four ways luxury brands can localize in China.
China’s 618 Festival: Shiseido, Lancôme Among Top Beauty Brands
Though thousands of brands crowded into the country’s largest mid-year shopping festival in June, Shiseido, Lancôme, Estée Lauder, L’Oréal and Yves Saint Laurent were the highest performing beauty …
Why did Didi choose the US over Hong Kong for its IPO?
The US has been an easier path to the public markets for Chinese firms, but the latest crackdown by mainland regulators has some investors questioning whether it will be more difficult in the future.
Shares of Chinese ride-hailing app Didi crash after Beijing crackdown
Billions of dollars wiped off stock value after China orders stores to remove app just days after its US listing …
China’s Xi warns against politicisation, stigmatisation of Covid-19 origin
The origins of the Covid-19 remain a widely debated topic, with some scientists and politicians maintaining that the possibility of a lab leak of the deadly virus exists …
Didi Plunges Below IPO Price as China Cracks Down on Tech
Shares of Didi Global Inc. tumbled below their U.S. IPO price after a Chinese regulator ordered the removal of the company’s platform from app stores. Bloomberg Intelligence’s Mandeep Singh has the …
China signals wider clampdown on overseas listings after Didi IPO
Rules for overseas listings will be revised, China’s State Council said in a statement days after Didi Global’s IPO.
Why China is investigating Didi and other big Chinese tech firms
Didi is the latest company to face intensified scrutiny in a crackdown on some of China’s biggest technology giants. China’s Didi Global Inc. is one of the world’s largest ride-hailing apps.
China sends out another crypto crackdown warning as it orders a Beijing software maker to shut down
Chinese authorities shut down a Beijing software company over suspected involvement with crypto trading as its crackdown continues.
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