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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
Didi plummets 42% and extends pain for Chinese stocks as it halts plan to list shares on Hong Kong exchange
Chinese stocks were already under pressure after the SEC identified five companies that could be de…
Matthew Fox
Didi climbs following report Beijing's city government is seeking control of the ride-hailing company
Municipal investment in the ride-hailing app would give state-run firms control of Didi.
Carla Mozée
US stock futures struggle as Omicron stays in the driving seat, while bitcoin keeps sliding after a weekend rout
Stocks waver as investors parse fresh Omicron headlines, with concerns about Federal Reserve tighte…
Shalini Nagarajan
Didi climbs as the ride-hail giant reportedly considers handing over control of data to placate Chinese regulators
The ride-hailing firm has suggested various proposals, including handing over its data management t…
Isabelle Lee
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
Didi's US shares plunge 25% after China cracks down on ride-hailing app, just days after $68 billion IPO
China on Sunday ordered app stores to remove Didi, the country's biggest ride-hailing app, only day…
Harry Robertson
Chinese education stocks plunge as Beijing reportedly wants to turn tutoring companies into non-profits
Foreign capital investment into tutoring companies may be banned under potential rule changes.
Carla Mozée
China expands security review beyond Didi, sending shares of 2 US-listed Chinese tech companies plunging
Stock of Full Truck Alliance and Kanzhun were under heavy selling pressure after China launched sec…
Carla Mozée
Uber's investment in Didi could help unlock 40% upside potential in the US ride hailing giant's stock, Bank of America says
"Based on 1.9 billion shares outstanding for Uber, we estimate that translates to an incremental ~$…
Matthew Fox
Didi falls as Chinese officials send police to offices as part of sweeping cybersecurity probe
A task force of seven ministries was sent to conduct an on-site review at Didi's offices as Beijing…
Carla Mozée
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
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
DiDi sinks 22% as the China ride-hail giant plans to hold vote on potential delisting of US shares
DiDi will hold a shareholders' vote on the delisting of its NYSE-listed shares in May. The company …
Carla Mozée
US stocks close mostly higher to finish one of the strongest first halves of the year since 1998
The S&P 500 is up 14% for 2021, the second-highest first-half gain since 1998. Chinese ride hailing…
Emily Graffeo
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
Short-seller Hindenburg Research has built up a large stake in Twitter - and is betting against Elon Musk
"Musk has squandered much of his leverage, largely through misadvised and compulsive tweets," Hinde…
George Glover
US stocks rise as investors weigh rising oil prices against China's economic reopening
China's economic reopening, which was shutdown for two months amid a surge in COVID-19 cases, could…
Matthew Fox
Didi surges 12% and leads other Chinese stocks higher as investors eye a bottom for the recent free-fall
The slight reprieve for Didi - and for other US-listed Chinese giants - still pales in comparison t…
Ethan Wu
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…