didi
New York (AFP) - Shares of Didi Chuxing plunged Tuesday after Beijing required app stores to pull the Chinese ride-hailing program as part of a widening crackdown on technology companies. Also falling sharply were Full Truck Alliance and Kanzhun, two other Chinese companies that recently began trading in New York, but now face Chinese government probes. More established US-listed Chinese companies, such as Alibaba and JD.com, also fell moderately, suggesting broad investor unease with Beijing's more aggressive posture. "You could say that the last decade has been regulatory-free for the Chine...
AFP
New York (AFP) - Ride-hailing giant Didi Chuxing has filed to list its shares in New York, a high-profile move by a Chinese tech firm in the United States despite soaring tensions between the superpowers, with reports saying it could be one of the biggest IPOs this year. The popular app has dominated the Chinese market ride-hailing market ever since it won a costly turf war against US titan Uber in 2016 and took over its local unit. It filed a placeholder application for an initial public offering worth $100 million with the US regulators on Thursday for entry to the New York Stock Exchange, ...
AFP
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