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SoftBank is betting on AI and an IPO revival after swinging to a $7.7 billion profit

The Japanese firm posted a $7.7 billion quarterly profit and is ready to chase fresh profits with n…

Hasan Chowdhury   


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Alibaba, Tencent and other Chinese techs slide in Hong Kong after Didi bows to pressure to delist in New York

Chinese techs in Hong Kong fell after ride-hailing giant Didi bowed to pressure to pull its US off…

Karen Friar   


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Didi's IPO will not make investors any money and the business is just as unprofitable as Uber and Lyft, a veteran stock analyst says

Didi jumped as much as 28% to $18 a share when it began trading on the New York Stock Exchange Wedn…

Emily Graffeo   


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Didi falls 10% on reports that China is planning heavy penalties for the ride-share giant following its US IPO

Regulators were looking at a range of penalties. Measures could include forcing the company to deli…

Isabelle Lee   


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Isabelle Lee   


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Didi soars 28% in largest IPO debut for a Chinese firm since Alibaba, valuing ride-hailing firm at $86 billion

Didi is the second largest ride-hailing company by market value, behind Uber but ahead of Lyft, bas…

Matthew Fox   


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Didi slides 11% after China launches a cybersecurity review of the company days after its US IPO

China's internet regulator said it wants to prevent "national data security risks" with its review …

Carla Mozée   


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Didi's US shares plunge 25% after China cracks down on ride-hailing app, just days after $68 billion IPO

China on Sunday ordered app stores to remove Didi, the country's biggest ride-hailing app, only day…

Harry Robertson   


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TikTok owner ByteDance has reportedly canceled its upcoming IPO as China cracks down on tech companies

ByteDance had been valued at $180 billon in a round of funding in December, the Wall Street Journal…

Carla Mozée   


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Didi pares losses after China cybersecurity review sends stock plummeting

Some members of Congress have blasted China's Didi move, calling for an SEC investigation into whet…

Ethan Wu   


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China is considering a rule change that would close a loophole allowing domestic firms to IPO overseas, report says

The loophole being targeted by Chinese regulators has been used by domestic tech companies to launc…

Carla Mozée   


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Chinese regulators will tighten controls of domestic firms listed overseas following a cybersecurity probe of Didi

China officials said they will ramp up the regulation of cross-border data flow and tighten measure…

Isabelle Lee   


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Banks are reportedly scrambling to move IPOs of Chinese companies from New York to Hong Kong after regulators cracked down on overseas listings

The move into Hong Kong is an abrupt shift for corporate China after 34 Chinese firms raised $12.4 …

Ethan Wu   


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Uber's investment in Didi could help unlock 40% upside potential in the US ride hailing giant's stock, Bank of America says

"Based on 1.9 billion shares outstanding for Uber, we estimate that translates to an incremental ~$…

Matthew Fox   


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Nearly 600 IPOs rolled out globally in the second quarter, dominated by traditional listings while SPAC activity cooled, says EY

Traditional IPOs boomed in the quarter while SPAC formation slowed, partly due to heightened scruti…

Carla Mozée   


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Chinese ride-hailing company Didi became a retail favorite on its first day of trading

The stock was the top order from retail traders on Fidelity, beating Exela Technologies and AMC Ent…

Natasha Dailey   


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Nio falls as the EV maker plans biggest US stock sale by a Chinese company since Didi IPO

Nio's fundraising push comes as the auto industry continues to feel the squeeze of the global chip …

Ethan Wu   


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Didi soars 68% after report says China is set to end cybersecurity probe and allow new users on the ride-hailing app

Didi's apps are expected to return to China's domestic stores after Beijing's crackdown on the tech…

Carla Mozée   


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The SEC has frozen US listings of Chinese companies as it demands new disclosures of government meddling risks

Chinese IPO activity has stalled in the wake of the government's hard line on many newly-listed fir…

Ethan Wu   


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Chinese companies listed in the US must disclose the potential for government interference or risk violating the law, top SEC official says

The collapse of Didi stock has attracted attention from politicians and regulators who say the comp…

Ethan Wu  Â