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 …
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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.
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.
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.
