Didi

China’s Didi Posts Profit Turnaround, Despite App Glitch Payout

The ride-hailing giant saw a fourth-quarter profit of $113.15 million, compared to a similar-sized loss for the same quarter a…

6 days ago

China’s Didi Tried to Defraud Investors With 2021 IPO: US Court

Court says Didi’s alleged desire to sell American depositary shares before a looming government crackdown gave the firm a "concrete…

2 weeks ago

China’s Didi Posts Quarterly Profit as Comeback Continues

The ride-hailing outfit’s three-month surplus was its first since 2021 when it was the target of China’s cyberspace regulator

5 months ago

China’s Xpeng to Buy Didi’s EV Unit In Up To $744 Million Deal

The deal is another shot in the arm for the currently loss-making startup, coming on the heels of a stake…

7 months ago

Amid Tense Ties, US Begins Fresh China Audit Inspections

About a dozen Chinese firms, including Tencent Music Entertainment Group, Didi Global and NetEase, are likely to be inspected in…

9 months ago

Chinese Online Fashion Giant Shein Files For US IPO

But the listing is set to be opposed by some US lawmakers over claims the company uses cotton produced by…

9 months ago

Chinese State to Launch Ride-Hailing, Transport Platform

The online platform is expected to include more than 90% of China’s total transportation market

1 year ago

Didi EV Joint Venture With Li Auto Files For Bankruptcy

Beijing Judian Chuxing Technology was just one of a series of partnerships ride-hailer Didi struck with automakers including Volkswagen, Toyota…

2 years ago

China’s Didi Global Fined $1.2 Billion Over Data Breaches

The announcement on Thursday by the Cyberspace Administration of China followed a year-long investigation into Didi's collection and use of…

2 years ago

SEC Official Sets November Deadline for Chinese Company Audits

Alibaba, JD.com, Baidu took a hit in the wake of the comments, while the NASDAQ Golden Dragon China Index shed…

2 years ago

Didi Shareholders Vote to Delist from New York Stock Exchange

Vote to delist the ride-hailing giant's ADS from the New York Stock Exchange ends saga after 2021 listing drew Beijing's…

2 years ago

SoftBank Posts $13bn Loss as Tech Stocks Portfolio Slumps

South Korea's Coupang is trading 70% below its listing price and is one of many SoftBank portfolio companies, including Didi…

2 years ago