TORONTO—Several hedge funds may have been bruised by bets on Didi Global Inc., filings showed after the shares tumbled since the Chinese ride-hailing company announced plans to withdraw from the New York Stock Exchange. Didi’s shares have tumbled 56.8 percent from their June 30 IPO price. The slide accelerated after the company said on Friday…
Some Hedge Funds May Have Lost Millions on Bets on China’s Didi Global
December 9, 2021
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Didi’s New York Exit a Further Blow to Chinese Listings in US
December 7, 2021
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Business & EconomyChinaChina Business & EconomyCompaniesDidiHK BusinessHong KongMarketsNew York Stock ExchangeU.S. government
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HONG KONG/SINGAPORE—Ride-hailing giant Didi Global’s plan to withdraw from the New York stock exchange may create an even deeper chill after this year’s drop-off in Chinese firms’ listings in the world’s most liquid market, bankers and advisers said. Chinese listings in the United States have fallen sharply since Didi debuted in New York on June…
Didi’s New York Exit a Further Blow to Chinese Listings in US: Bankers and Advisers
December 7, 2021
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Business & EconomyChinaChina Business & EconomyCompaniesDidiHK BusinessHong KongMarketsNew York Stock ExchangeU.S. government
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HONG KONG/SINGAPORE—Ride-hailing giant Didi Global’s plan to withdraw from the New York stock exchange may create an even deeper chill after this year’s drop-off in Chinese firms’ listings in the world’s most liquid market, bankers and advisers said. Chinese listings in the United States have fallen sharply since Didi debuted in New York on June…
DiDi Delisting From NYSE, Applying to List in Hong Kong Instead After Buckling Under Pressure From Chinese Regulators
Chinese ride-hailing giant DiDi is delisting from the New York Stock Exchange (NYSE) and applying to list in Hong Kong instead, just months after making its debut in the United States, the company announced Friday. “Following careful research, the company will immediately start delisting on the New York stock exchange and start preparations for listing in…
China Experts Allegedly Withdrew From Congressional Hearing Over Fear of CCP Backlash
Multiple potential witnesses pulled out of a congressional committee hearing on U.S.-China economic relations due to fears that they could receive backlash stemming from the Chinese Communist Party, according to Rep. Brad Sherman (D-Calif.), chair of the House Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets. Sherman disclosed this at the outset of the Oct….
Beijing Probing Didi Over National Security Risks Tied to its US Listing
October 11, 2021
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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…
IPOs Slow Down Globally in Q3 After Frenetic 2021 Start
September 30, 2021
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Initial public offerings (IPO) globally slowed in the third quarter of 2021 from their previous frenetic pace, but the number of listings in the first nine months of the year still was the highest since the dotcom bubble of 2000, according to Refinitiv data. IPOs in the third quarter raised a total of about $94.6…
Didi Denies Reports That Beijing City Is Coordinating Companies to Invest in It
BEIJING—China’s ride hailing giant Didi Global Inc. said on Saturday that media reports that the Beijing city government is coordinating companies to invest in it are not correct. “Didi is currently actively and fully cooperating with cybersecurity probe, foreign media reports that Beijing city government is coordinating companies to invest in it are incorrect,” it…
Latest Action in China’s Season of Regulatory Crackdowns—Summon 11 Ride-Hailing Firms
Chinese regulators summoned Didi, Geely’s Caocao, and nine other ride-hailing firms on Sept. 1, and accused them of vicious competition, illegal operations, and disrupting the market order. This is the latest action of the Chinese Communist Party’s (CCP) multi-pronged crackdown on its tech companies, and the second summons after the regulators ordered 10 ride-hailing firms…
China Summons 11 Ride-Hailing Firms in Latest Crackdown
Chinese regulators summoned Didi, Geely’s Caocao, and nine other ride-hailing firms on Sept. 1, and accused them of vicious competition, illegal operations, and disrupting the market order. This is the latest action of the Chinese Communist Party’s (CCP) multi-pronged crackdown on its tech companies, and the second summons after the regulators ordered 10 ride-hailing firms…
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