Chinese regulators launch onsite cybersecurity review of Didi
Chinese regulators have launched an onsite review of local ride-hailing giant Didi Chuxing after announcing a decision to conduct a cybersecurity review of the company earlier this month.
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 public in the US last week, and Tuesday was its fourth day of trading.
Didi's app ordered to be removed from app stores
Bad luck is not over for Didi Chuxing, the Chinese ride-hailing giant that just went public in the US after it encountered China's cybersecurity review.
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.
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.
Didi reportedly files secretly for US IPO
The certainty of a third-quarter IPO for Didi is high, but ultimately it will depend on the majority shareholder, the report said. Didi's top shareholder is currently SoftBank Group.
Didi said to be considering US IPO at valuation of at least $100 billion
Didi sees an advantage of a New York IPO in that the pace of the listing is more predictable and the market is better capitalized in the second quarter.
Didi reportedly to list in Hong Kong in Q2
Didi is targeting a valuation of more than $60 billion for its IPO, and will complete its listing on the Hong Kong Stock Exchange in the third quarter.
Didi said to be considering entering Western European markets
Didi is looking for new markets as its growth momentum slows in its home market in China.
Didi Chuxing announces entry in to New Zealand, its 11th overseas market
Chinese ride-sharing platform Didi Chuxing has announced its entry into New Zealand, first offering services in the country's largest commercial, industrial and port city, Auckland.