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Stripe hit a $95 billion valuation, leapfrogging SpaceX, Instacart, and Didi Chuxing on the leaderboard of tech giants

Stripe's new $600 million fundraise makes it the most valuable private company in Silicon Valley, a…

Kate Duffy   


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1 min read

Coronavirus fears prompt Chinese ride-hailing app DiDi to install protective sheets in vehicles and give masks to drivers

As people adapt to life under quarantine and preventative measures, ridesharing app DiDi Chuxing ha…

Mary Meisenzahl   


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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 surges on report it's weighing going private amid regulatory pressure

Didi denied the WSJ report, saying it is "not true" that it's considering a take-private transactio…

Carla Mozée   


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4 mins read

How China's tech giants, from TikTok to Tencent, are reacting to Russia's invasion of Ukraine

In reaction to Russia's invasion of Ukraine, TikTok banned Russia-linked news accounts in the EU. D…

Weilun Soon   


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Uber slides 4% on report SoftBank will shed a third of its stake in the ride-hailing app

China's recent crackdown on ride-hailing app Didi has reportedly cost SoftBank, its largest shareho…

Shalini Nagarajan   


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Billionaire investor Jeff Gundlach says China is no place to invest because assets are at risk of being confiscated

"I've never invested in China — long or short. I don't trust the data. I don't trust the relationsh…

Shalini Nagarajan   


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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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China expands security review beyond Didi, sending shares of 2 US-listed Chinese tech companies plunging

Stock of Full Truck Alliance and Kanzhun were under heavy selling pressure after China launched sec…

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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6 mins read

Here's how much Uber, Softbank and Tencent can possibly gain from Didi’s IPO — the largest Chinese share sale since Alibaba

China’s ridesharing behemoth, Didi Chuxing, is finally ready to go public after years of speculatio…

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Chinese companies that went public in the US this year have tumbled 34% on average during Beijing's crackdown on big business

Chinese stocks listed in the US have slumped as "no company appears safe from a Beijing crackdown,"…

Harry Robertson   


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Retail investors are snapping up tumbling Chinese stocks like Didi - even as institutions balk at the government crackdown

Retail investors have turned into dip-buyers, even in risky Chinese stocks, data shows.

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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4 mins read

10 transport mobile apps that redefine mobility in Asia

Cloud based technologies for taxi mobility and ride-sharing apps for individual customers are chang…

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5 mins read

If Elon Musk understood anything about China, he'd know his attempt to make X a super app like WeChat is doomed to fail

Musk could be missing the main point here: The US isn't China, and WeChat's success can't be easily…

Kwan Wei Kevin Tan   


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Uber is looking at dispatching New York's yellow cabs from its app amid a driver shortage

Uber app users could see New York City's yellow cabs as another option alongside "UberX," which wou…

Zahra Tayeb   


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Its World vs Uber: Ola ties up with 3 of the world’s largest taxi hailing apps!

This move will allow passengers to book rides on any of these services using just one app! This mea…

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4 mins read

Exclusive: Uber’s product and technology is superior than any competitor, be it a Didi, Ola or Lyft, says Uber India Head Amit Jain

Uber entered the Indian market in 2013 and is currently present in 27 cities. It’s aggressive prici…