Stocks
Kuaishou, which saw its shares drop about 80% from all-time high, responds in bizarre way
The post quotes seven songs whose titles are linked together to form the phrase "Friends, calmly face the irrational shocks. It doesn't matter if the tide rises or falls, tomorrow
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Goldman Sachs adds Tencent to its Conviction Buy list, but lowers price target by 16%
Goldman Sachs has added Tencent to its Conviction Buy list in its latest research note but increased its valuation discount to 15 percent from 10 percent in light of the latter's e
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Luckin Coffee reportedly has achieved overall profitability
Luckin Coffee's stock is still tradable on the OTC market despite its delisting, up nearly 70 percent so far this year.
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Stocks of firms hit by China's cybersecurity review plunge in pre-market trading
Didi, the Chinese ride-hailing giant listed on the New York Stock Exchange, was down about 30 percent at one point before its losses shrunk to about 22 percent. Didi only went publ
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China launches cybersecurity review of Full Truck Alliance, Kanzhun
After ride-hailing giant Didi, three more platforms have been subjected to cybersecurity reviews in China.
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Didi hit by cybersecurity review, shares plunge 10% pre-market
Chinese ride-hailing giant Didi Chuxing has been hit by a cybersecurity review in China, causing its shares to plunge 10 percent in the pre-market Friday.
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Behind Didi's US IPO: its Chinese peers total 7,447
There are 7,448 "ride-hailing" companies in China including Didi, according to data provider Qichacha.
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China's ride-hailing giant Didi files for US IPO, could be valued at over $70 billion
Didi's prospectus shows it had 493 million annual active users worldwide and 15 million annual active drivers worldwide in the 12 months ended March 31 of this year.
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Didi reportedly scraps plan for HK IPO, aims for US listing within this year
Didi's management was once ready to make its IPO in Hong Kong but it ultimately decided to list in the US because of valuation and other considerations.
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Baidu Q1 results beat expectations, up about 4% premarket
Baidu's revenue for the first quarter reached RMB 28.13 billion ($4.29 billion), up 25% year-on-year, beating Wall Street's expectations of RMB 27.286 billion.
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