Didi Global Inc. tumbled Friday after China said it’s starting a cybersecurity review of the ride-hailing company just two days after it pulled off one of the biggest U.S. stock market debuts of the …
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Didi Dives as China Unveils New Cyber Probe After Mega IPO
The surprise probe by China’s internet regulator piles on the scrutiny of Didi over issues ranging from antitrust to data security. The company has been grappling with a broad a …
China’s cyberspace administration launches probe into ride-hailing giant Didi, two days after mega IPO
Investigation by cyberspace watchdog comes hot on the heels of mega IPO in the US and as Beijing ups regulatory scrutiny of Big Tech.
China watchdog launches review of Didi Global days after IPO
China’s internet watchdog said Friday that it has launched an investigation into ride-hailing company Didi Global Inc. to protect national security and public interest, days after the company went …
Didi Slumps As China Launches Cybersecurity Probe Days After $8 Billion IPO
China’s Cyberspace Administration unveiled its probe Friday, just days after the ride-sharing group’s $8 billion debut on the Nasdaq.
Asian crypto space is reportedly upbeat despite China crackdown
Japan, Singapore, and many other countries are still trying to study and benefit from the budding digital currency market.
France probes fashion brands over China ‘crimes’
Sources say French prosecutors are investigating four fashion retailers suspected of concealing “crimes against humanity” in China’s Xinjiang region.The probe is linked to accusations against China …
Money-Losing Medical Services Startup LinkDoc Prices Its U.S. IPO
Beijing-based medical services provider LinkDoc Technology is planning to raise up to $210 million in its planned IPO on the Nasdaq, as the U.S. securities watchdog toughens auditing standards for U.S …
Chinese Dental Company Arrail Files for Hong Kong IPO
By Yongchang Chin Chinese dental services provider Arrail Group Ltd. is planning to list on the Hong Kong Exchange, the latest in a line of …
China’s imports of ferro-niobium rose by 51.6% in May vs April
China imported around 3,030 tonnes of ferro-niobium in May 2021, an increase of 51.6% from 1,999 tonnes in April, according to the latest official customs data. Ferro-niobium was favored by many …
How Luxury Brands Prosper From China’s Scary C-pop Fans
C-pop stars have taken over luxury campaigns thanks to young China’s surging purchasing power. But how can brands avoid the pitfalls of these fan economies?
H&M: Fashion giant sees China sales slump after Xinjiang boycott
Swedish fashion giant H&M saw its sales slump in China, months after it became the target of a Chinese boycott. H&M was among several brands that raised concerns over alleged human rights abuses …
China’s economy may grow 7% this year, professor says
Despite the market predicting that China’s economic growth may reach 8.5% this year, Michael Pettis, a finance professor at Peking University explains why he thinks “they’re wrong.” …
