Nike’s president and CEO John Donahoe said during a recent earnings call that the company has been in China for over 40 years and it is “a brand of China and for China”.
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Didi shares set to open over 14per cent higher in mega US IPO
Chinese ride-hailing giant Didi Global Inc shares were set to open more than 14per cent higher in their New York Stock Exchange debut on …
China stocks slip on small-cap losses as Communist Party celebrates its centenary
Stocks in mainland China slip in early trading as tech start-ups retreat from a six-year high. Markets in Hong Kong are shut to mark the 24th anniversary of city’s handover.
Hong Kong crypto exchange FTX ropes in Gisele, Tom Brady to burnish green credentials as China cracks down on energy-hungry sector
Cryptocurrency unicorn FTX, which has offices in Hong Kong and the US, has brought Brazilian model Gisele Bundchen on board as a shareholder and green advocate with the hope of countering some of the …
Chinese Sportswear Brand Anta Released Olympic Award Uniform of China with High-Tech
Chinese sportswear brand Anta released Team China’s podium uniform for the upcoming Tokyo Olympics, which is called “Champion Dragon Clothes”, on June 25 in Beijing. The uniform is designed by Tim Yip …
China’s Didi raises US$4.4 billion in upsized US IPO
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 …
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 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.
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