Didi

Adrian Perica, Apple's vice president of corporate development, has resigned from Didi's board

SoftBank was in a bubble on valuations, no sacred areas for cost cuts, says CEO

Regulators also fined Didi Chairman Cheng Wei and President Jean Liu 1 million yuan apiece, the Cyberspace Administration of China said in a statement

Didi's penalty could pave the way for Beijing to ease a restriction banning it from adding new users to its platform and allow its apps to be restored on domestic app stores

Shares of the e-commerce giant shot up as much as 7% earlier after a Bloomberg News report that China's financial regulators have established a team to assess the fintech giant's share sale plans.

Didi's shares were down 7% in US pre-market trading, deepening an 85% loss since its initial public offering in the summer of last year

The Chinese government was angered by DiDi's US listing in mid-2021, and days later launched a cybersecurity probe into the firm and forced its services off domestic app stores

Chinese ride-hailing giant Didi Global plans to reduce its overall headcount by as much as 20 per cent

Didi, one of the highest-profile targets of a broad Beijing campaign to rein in country's giant tech sector, reported $6.6 billion of sales, down more than 13% from the June quarter

The regulatory threats mean companies with a total market cap of almost $200 bn currently listed only in the U.S. may need to seek a return to Hong Kong or the mainland soon, Bloomberg analysts said

The US firm pulled out of China in 2016 after burning through more than a billion dollars a year due to a price war with Didi. It eventually sold its China operations to Didi in exchange for a stake

Forcing US-listed Chinese firms to delist isn't responsible policy option: Securities watchdog

HONG KONG (Reuters) - Just five months after its debut, ride-hailing giant Didi Global said on Friday it would withdraw from the New York Stock Exchange and pursue a Hong Kong listing, a stunning reversal as it bends to Chinese regulators angered by its U.S. IPO.

Didi, whose apps, in addition to ride-hailing, offer products such as delivery and financial services, remains under investigation

Chinese authorities have ordered the operators of a major ride-hailing app, Didi Chuxing to de-list from the New York Stock Exchange.

Cyberspace Administration of China (CAC) has asked the management to take the company off the US bourse

The country's tech watchdog wants management to take the company off the New York Stock Exchange because of concerns about leakage of sensitive data, sources said

Investors who bought Kuaishou Technology after the TikTok rival went public in Hong Kong have notched the widest peak-to-trough slump among global initial public offerings this year

The regulators criticized them for disrupting fair competition and hurting the interests of drivers and passengers, according to a statement published Thursday

Regulators in China have come down hard on its biggest technology firms this year