Tag Archives: Didi

Chinese ride-hailing giant Didi Global will start trading on the over-the-counter market (OTC) on Monday, more than two weeks after its shareholders voted to delist the company from the New York Stock Exchange (NYSE) where it raised US$4.4 billion last year in a public listing that angered Beijing. That move was announced on Friday in the US by Chicago-based Options Clearing Corp, the world’s largest equity derivatives clearing house, which said the Chinese firm’s trading symbol will change… Source link

Ride Sharing Market Dynamics 2022-2028, Regional Analysis, Segmentation, Competitive Landscape, COVID-19 Impact, Recent Developments and SWOT Analysis This press release was orginally distributed by SBWire London, UK — (SBWIRE) — 05/29/2022 — The global Ride Sharing market research is a reliable resource for business participants seeking market data, critical trends, current patterns, and future prospects. The research provides a sector valuation based on the report’s extensive… Source link

(Bloomberg) — DiDi Global Inc. tumbled Monday, after the Chinese ride-hailing giant said it’s planning to delist its U.S.-traded shares before it finds a new venue for the stock. Most Read from Bloomberg DiDi’s American depositary receipts sank 18% to $2.01 after it set an extraordinary general meeting for May 23 to vote on delisting its shares from the New York Stock Exchange. While the company will continue to explore listing on another internationally recognized exchange, DiDi said it… Source link

By Julie Zhu, Kane Wu and Brenda Goh HONG KONG/SHANGHAI (Reuters) -Chinese regulators have pressed top executives of ride hailing giant Didi Global Inc to devise a plan to delist from the New York Stock Exchange due to concerns about data security, two people with knowledge of the matter told Reuters. China’s powerful Cyberspace Administration of China (CAC) has asked the management to take the company off the U.S. bourse due to worries about leakage of sensitive data, said one of the… Source link

New Jersey, United States,- A recent market research report added to the repository of Verified Market Reports is an in-depth analysis of the Ride Hailing Market. On the basis of historic growth analysis and the current scenario of the Ride Hailing marketplace, the report intends to offer actionable insights on Global market growth projections. Authenticated data presented in the report is based on findings of extensive primary and secondary research. Insights drawn from data serve… Source link

(Bloomberg) — Didi Global Inc. shares fell for a third consecutive day on Wednesday, hitting fresh lows, as China was said to consider closing a loophole used by firms listing their shares abroad. The ride-hailing company fell 4.6% in New York trading to close at $11.91. The American depositary shares slumped 20% in Tuesday’s session, and now trade 15% lower than the $14 they were sold at in the IPO. Didi’s offering was the second-largest U.S.-listing for a Chinese firm on record. The… Source link

(Bloomberg) — Didi Global Inc. plunged Tuesday in U.S. trading as the ride-hailing company faced scrutiny over its data security and a broader Chinese crackdown on companies listing their shares abroad. China’s State Council issued a sweeping warning to China’s biggest companies, vowing to tighten oversight of data security and overseas listings. That announcement followed the opening of a security review by China’s internet regulator last week and a demand for app stores to remove… Source link

(Reuters) – China’s cybersecurity watchdog suggested Didi Global Inc delay its initial public offering and urged it to review its network security, weeks before the Chinese ride-hailing giant went public, the Wall Street Journal reported on Monday, citing people familiar with the matter. It isn’t known whether Didi carried out its own review, according to the WSJ report. [https://on.wsj.com/3jKuGWx] But a person close to the company told the newspaper the company ultimately decided to go… Source link

Shares of Chinese ride-hailing giant Didi Global (DIDI) ended their first day of trading on the New York Stock Exchange at $14.20 apiece, kicking off what is set to be a busy summer of initial public offerings on the U.S. exchanges. The price represented an increase of 1.4% from Didi Global’s IPO price of $14 per American depository share on Tuesday. Earlier, shares opened at $16.65 apiece and climbed to as high as $18.00 during the session.  The company said it sold 316.8 million shares to… Source link

The ride-hailing arm of Russian technology company Yandex is facing an existential threat to its business in Kazakhstan. And a tough Chinese peer is ready to pounce. Yandex.Taxi is currently appealing a court ruling handed down on May 19 stating that it violated a patent held by a private Kazakh company called G-Taxi. If the company is unable to overturn the verdict, Yandex.Taxi will no longer be able to operate… Source link