Page 2 - Didi

China set to impose $1-billion fine on Meituan over antitrust issues

Firm asked to revamp operations and end exclusivity pacts with some merchants

Beijing doubles down on tech data and companies listed overseas

In a flurry of action Friday, authorities summoned the country's largest technology companies for a warning on data security, vowed tighter oversight of overseas share listings

Didi Global denies media report it plans to go private after $4.4 bn IPO

Shares in Didi, which jumped as much as 40% to $12.42 in premarket trading after the report, pared gains after trading opened on Wall Street.

China's cyber-watchdog announces on-site Didi cybersecurity investigation

China's cyber-watchdog on Friday announced an on-site cybersecurity investigation of ride-hailing service Didi

World's billionaire factory shaken as China cracks down on 'savage growth'

Beijing's pursuit of ride-hailing service Didi and Jack Ma shows the age of unfettered gains for China's ultra-rich now appears to be at end.

China orders takedown of 25 apps from ride service Didi

China's cyber-regulator ordered 25 apps owned by Didi Global Inc., the country's largest ride-hailing service, be removed from app stores late Friday

China steps up supervision of overseas-listed firms after Didi IPO drama

Under the new measures, China will improve regulation of cross-border data flows and security, crack down on illegal activity in the securities market and punish fraudulent securities issuance

Didi Global saga shows China's tech behemoths must first answer to Beijing

Didi is by most measures an appealing success story. The firm controls almost the entire ride-hailing market in China, and counts SoftBank Group Corp. and Tencent Holdings Ltd. as major shareholders

Asian share markets open higher, but China tech worries weigh on Hong Kong

Chinese technology stocks remain under the microscope on Tuesday after the Cyberspace Administration of China ordered an investigation into Didi Global Holdings just days after it listed on NYSE

China widens probe beyond Didi Global to exert control over online data

Beijing's latest effort to rein in its top online companies unfolded swiftly over the weekend

China orders Didi to be removed from app stores, days after mega US listing

The Cyberspace Administration of China (CAC) said on its social media feed that it had ordered Didi to make changes to comply with Chinese data protection rules.

China's Didi Global to be added to FTSE's equity indexes on July 8

Didi Global Inc will be added to FTSE Russell's global equity indexes on July 8 in an expedited entry following Wednesday's US stock market debut of Chinese ride-hailing company, index publisher said

China's Didi Global raises $4.4 billion in upsized US IPO: Report

Chinese ride-hailing company Didi Global Inc raised $4.4 billion in its US IPO on Tuesday, pricing it at the top of its indicated range and increasing the number of shares sold, according to sources

Didi Global's $4 billion US IPO order books to close Monday: Sources

Didi Global Inc will close the investors order book for its US IPO to raise up to $4 billion one day early on Monday, according to two sources with direct knowledge of the matter

Chinese ride-hailing firm Didi reveals $1.6-bn loss in IPO filing

Didi, one of the largest investments in SoftBank Group Corp.'s portfolio, accelerated its listing plans after its business rebounded as the coronavirus pandemic ebbed in China.

China's Didi looks to raise $1.6 billion via asset-backed securities

Didi said in December it had raised $4 billion to support its overseas expansion

Five things to know about Didi

HistoryDidi, formally known as Xiaoju Kuaizhi, traces its beginnings to 2012 and rival taxi-hailing apps that gained backing from China's biggest Internet companies. Didi Dache was supported by Tencent Holdings, which took part in a $100 million fundraising round in 2014. A rival service, Kuaidi Dache, attracted investment from e-commerce giant Alibaba.The two apps merged in February 2015 and subsequently expanded their businesses beyond calling taxis.Names behind itThe Beijing-based company's CEO is Cheng Wei, a former employee of Alibaba. He recruited Jean Liu from Goldman Sachs Group to be CEO of Didi Dache in 2014. The board of directors include Lucy Peng, a co-founder of Alibaba.Scope of servicesWhat started as a service for hailing taxis has morphed into a company that offers ride-sharing, bus hiring, chauffeur services, auto financing and test-drive services. Didi said it has 99 per cent of the market for taxi-hailing apps and 87 per cent of the private car-hailing services.Riva