The world watched as U.S. COVID-19 deaths climbed past 1 million on Johns Hopkins University’s chart, but China’s number stayed below 5,000. Three years later, China is now changing its tune, saying tens of thousands have officially died from the virus. But is that the real number? A new study from Peking University estimates over […]
China has fined ride-hailing app Didi Global almost $1.2 billion. Regulators say the firm illegally collected user data and carried out data processing that seriously affected national security. In an unusual move, the company’s chief executive and president were also fined.
Chinese ride-hailing giant DiDi will be delisting from the New York Stock Exchange. The company`s shares plunged by 20 percent since the announcement Friday. It’s a result of the company giving in to pressure from Chinese regulators worried about data security. The company will instead seek a listing in Hong Kong.
Chinese ride-hailing giant DiDi is delisting from the New York Stock Exchange and applying to list in Hong Kong instead, just months after making its debut in the United States.
Beijing had launched cybersecurity probe into the Chinese ride-hailing giant Didi Chuxing to address national security risks arising from its public listing in the United States, according to Chinese state media reports. The Chinese moved to investigate Didi began just two days after its shares began trading on New York Stock Exchange in July, raising […]
Chinese ride-hailing giant Didi Global Inc has suspended its plans to launch in Britain and continental Europe, The Telegraph reported on Monday, against the backdrop of a regulatory backlash at home over data privacy. Staff working on the planned launches have been told that they face possible redundancy and Didi has stopped hiring in Britain, […]
BEIJING—China’s ride-hailing giant Didi Global Inc said on Thursday that rumors about a possible management change are not true. “Didi is actively and fully cooperating with regulators’ cybersecurity probe, market rumors about management change at the company is not true,” Didi said in a Weibo post. The statement followed a South China Morning Post report, […]
Beijing’s regulatory clampdown on Chinese firms is sending shockwaves through stock markets. American investors are worried about backing Chinese companies. But, questions are raised. Why is Beijing doing this to Chinese-owned companies?
WASHINGTON—Chinese companies listed on U.S. stock exchanges must disclose the risks of the Chinese government interfering in their businesses as part of their regular reporting obligations, a top U.S. Securities and Exchange Commission official said on July 26. Democratic commissioner Allison Lee’s comments are the first by an SEC official since Chinese regulators launched a […]
Are Chinese stocks safe for American investors? Just this month, one Chinese company sent many of them on a roller coaster ride. China’s version of Uber, called DiDi, entered the U.S. market to sell its stock shares. At first, it was exciting news for Wall Street and looked like a big investment opportunity. But in […]
BEIJING—The Cyberspace Administration of China (CAC) said on July 16 that officials from at least seven departments sent teams to conduct an on-site cybersecurity review of ride-hailing giant Didi Global Inc. The regulators included the CAC, Ministry of Public Security, Ministry of State Security, Ministry of Transport, Ministry of Natural Resources, State Taxation Administration, and State […]
More bad news for China’s version of Uber. Ride-share service DiDi’s stock shares plunged over 20 percent after a crackdown from Chinese authorities. Its fall from stardom comes after a breakout listing in the U.S. stock market. An American city councilman has been removed from his post, all because he vocally blames Beijing for the […]
Regulators slap a record fine on trading app Robinhood. Why was it fined, and how much does it have to pay? House buyers are fighting over homes. Supply doesn’t nearly meet demand, and prices see the biggest gain in over 30 years. Some are bidding up to $1 million over the asking price to win the bid. A trade […]
![[Teaser] Why Beijing Is Going After ‘China’s’ Uber Didi](https://i.ntd.com/assets/uploads/2021/07/46549a76b13e8786f08f710f449a502b-352x220.jpg "[Teaser] Why Beijing Is Going After ‘China’s’ Uber Didi")
