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 …
Tagged By export
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.
China cracks down on its own tech companies, complicating U.S. IPO plans
U.S. tech companies for years have grumbled about how the Chinese government favored its homegrown heroes, largely shielding them from global competition. Now, though, China is turning on its own Big …
Didi’s US shares plunge 25% after China cracks down on ride-hailing app, just days after $68 billion IPO
China on Sunday ordered app stores to remove Didi, the country’s biggest ride-hailing app, just days after its blockbuster US listing.
Bitcoin pares gains as China closes company over crypto trading
The price of Bitcoin pared earlier gains and dropped below $34,000 after a Beijing office of China’s central bank announced it had ordered the closure of a Chinese software maker over cryptocurrency …
China deepens crypto crackdown with central bank warning
China’s central bank warned companies on Tuesday against assisting cryptocurrency-related businesses as it shut down a software firm over …
Bitcoin Swings as China Regulators Punish Company Over Crypto
Bitcoin fluctuated Tuesday after China’s central bank and a regulator in the capital city took action against a company that was allegedly providing cryptocurrency-related services.The largest …
China Escalates Its Fight Against Big Tech
Beijing’s latest shots in the tech cold war. Tensions are growing between China and tech companies inside — and outside — its borders. China is cracking down on domestic tec …
Didi Global Plunges On China Cybersecurity Crackdown Following Nasdaq IPO
China’s Cyberspace Administration double-down on its probe of the ride-sharing group Sunday as it ordered its app to be removed from mobile stores.
Didi plunges 30% in premarket trading after China cracks down on ride-hailing app days after $68 billion US IPO
China on Sunday ordered app stores to remove Didi, the country’s biggest ride-hailing app, just days after its blockbuster US listing.
China’s economic growth to cool at end of year, weighed down by slowing export demand as world recovers
Economists from Nomura believe China’s economy will grow by 8.9 per cent this year, with Standard Chartered predicting growth will reach 8 per cent in 2021.
IN FIGURES: China’s billet imports up by 77% in May
China imported 879,965 tonnes of steel billet in May, up by 77% from 497,588 tonnes in May 2020, according to customs data. Indonesia remained the biggest supplier of billet to China in that month at…
How Brands Can Sparkle in China’s $100 Billion Jewelry Market
Global brands have only scratched the surface of China’s vast jewelry market. But can they learn from savvy domestic players and dazzle local audiences?
ADVERTISEMENT
