Chinese ride hailing company Didi Global Inc raised US$4.4 billion in its U.S. IPO on Tuesday, pricing it at the top of its indicated range and …
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China’s Didi gets a flat after solid U.S. IPO
Posted . Chinese ride-hailing app Didi had a market debut that ran out of steam after the company temporarily soared to …
China celebrates Communist Party’s 100th anniversary
China is celebrating the 100th anniversary of the founding of its ruling Communist Party, in the culmination of a huge propaganda drive. Officials have not disclosed a programme but President Xi …
Theatrics or threat: How to handle China at 100
And Max Baucus, the former US Democratic Party Senator who served as US ambassador to China from 2014 to 2017, finds himself in agreement. “The vast bulk of people in China… care very little about…
China advances in challenge to dollar hegemony
China has already made one attempt to turn the renminbi into an international currency and reduce its dependence on the dollar. It is now trying again, and this time things really could be different.
Beijing set to celebrate centenary of China’s Communist Party
China is poised on Thursday to mark the 100th anniversary of the founding of its ruling Communist Party, with celebrations at Tiananmen Square in Beijing capping weeks of performances and exhibitions …
China applauds Canadian senators who voted against genocide motion as ‘people of vision’
China’s foreign ministry is praising Canadian senators who voted down a motion to label the Chinese government’s treatment of Uyghurs as genocide — calling them “people of vision” who see through “the …
China Bitcoin Ban Fallout: Block Mining Times Surge To 10-Year High
It’s hardly surprising that as some of the Chinese Bitcoin mining operations relocate or shut down altogether, the network has taken a hit. What is surprising is just how hard a hit it has taken,…
EMJ Capital’s Eric Jackson: Didi is a preeminent brand in China and it’s going to stay that way
Eric Jackson, EMJ Capital, discusses Didi’s IPO and how the stock compares to Uber and Lyft. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more…
China’s Didi gets a flat after turbo-charged IPO
That was the opening market valuation Wednesday for Chinese ride-hailing app Didi as the stock made its debut on the New York Stock Exchange.The stock opened at $16.65 a share, a near 19 percent jump…
After Losing China, Uber’s Stake in DiDi Reaps $8 Billion in IPO
Uber Technologies Inc. bowed out of the world’s second-largest economy by selling its China business to rival DiDi Global Inc. in exchange for a stake in the company. Now, the U.S. ride-hailing …
China Crypto Crackdown: Calendar Offers Clue as to ‘Why Now?
China’s crypto-related bans may be more likely during politically sensitive times, such as the 100th birthday of the Communist Party on July 1.
IPO Of Chinese Ride-Hailing Firm DiDi Makes Its President A Billionaire
Shares of the firm, which listed on the New York Stock Exchange on Wednesday, drifted down throughout the afternoon but still boosted the net worth of its billionaire CEO as well.
