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The Latest Breaking News from DiDi Global Inc

Uber Had Weighed Strategic Options For Indian Business At One Point

Uber Technologies, Inc (NYSE:UBER) had weighed strategic options for its Indian ride-hailing business, including a sale, but suspended discussions following the meltdown in tech startup valuations, the Bloomberg reports. Uber began weighing alternatives, including a stock swap with local companies or a pullout, before a global equity market selloff spoilt the plans.…

Benzinga

DiDi Discusses Stake Acquisition In Sinomach Automobile's EV Division For $150M

DiDi Global Inc (NYSE:DIDI) discussed acquiring a third of the EV unit of state-backed Sinomach Automobile, Reuters reports. Recent reports suggested possible ease in the regulatory crackdown on the ride-hailing company. Didi was amid advanced discussions to acquire shares in small-sized automaker Sinomach Zhijun Automobile from minority shareholders, costing over 1 billion yuan…

Benzinga

JP Morgan Sees Buying Opportunities In Alibaba And Other Chinese Stocks Citing These Reasons

The 2021's deep selloff in Chinese stocks could finally be on the verge of a turnaround, Bloomberg quoted JP Morgan Chase & Co (NYSE:JPM) strategist Marko Kolanovic. Kolanovic expected the Chinese equities to have reached their turning point with ease in lockdowns, continued growth support measures, and possible relaxation in the regulatory crackdown.…

Benzinga

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Why Alibaba Stock Is Surging Today

Alibaba Group Holding Ltd (NYSE: BABA) shares are trading higher Monday as Chinese regulators prepare to complete their investigation of ride hailing company DiDi Global Inc (NYSE: DIDI) with a seemingly posi

Benzinga

What's Going On With DiDi Global Shares Today?

DiDi Global Inc - ADR (NYSE: DIDI) shares are trading higher by 8.70% at $2.00. Strength is possibly due to hopes of a Shanghai reopening.

Benzinga

Here's Why DiDi Shares Are Trading Higher Premarket

State-owned biggest automobile conglomerate automaker China FAW Group Co is looking to scoop a significant stake in the troubled DiDi Global Inc (NYSE:DIDI), Bloomberg reports. FAW aspired to be a significant shareholder and help Didi pave the way for a Hong Kong listing. Previously Beijing Tourism Group division Shouqi Group and other Beijing-based…

Benzinga

Another Chinese Car Tech Company Aspires To Go Public Via SPAC Merger After DiDi's Debacle

Billionaire Li Shufu-backed car technology company Ecarx Holdings Inc looks to go public via a special purpose acquisition company (SPAC) merger with Cova Acquisition Corp (NASDAQ:COVA). Ecarx, founded in 2017 by Geely Automobile Holdings Ltd's (OTC:GELYY) Shufu and Ziyu Shen, develops software and hardware like digital cockpit and infotainment systems for cars, Bloomberg reports. Ecarx serves both combustion-powered vehicles…

Benzinga

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DiDi Investors To Vote On US Delisting

DiDi Global Inc (NYSE:DIDI) shareholders will vote to delist from the NYSE to get its services back on to Chinese app stores for the first time in almost a year. The plan to delist comes almost a year after the company pushed ahead with a $4.4 billion initial public offering in the U.S.…

Benzinga

CLSA Expects SoftBank To Focus More On Buybacks Than High Growth Stocks Like Alibaba

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) may, for the first time, spend more on share buybacks than investments through its landmark Vision Fund as the firm goes into "defense" mode, according to CLSA's Oliver Matthew. "I think that the comments yesterday from Masayoshi Son made it very clear we're in defense round…

Benzinga

Alibaba And Other Chinese Stock Investors Remain Cautious Over China's Political Body Forum With Leading Firms

China’s top political advisory body looks to host a forum next week with some of the nation’s largest private-sector firms, including Baidu, Inc (NASDAQ:BIDU), Bloomberg reports. While the conference focused on developing China’s digital economy, investors will likely watch for a possible wind-down of its year-long crackdown on the tech sector after a…

Benzinga

SoftBank's Stock Picking Unit Suffers Colossal Losses Due To Tech Meltdown

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son's controversial side venture SB Northstar, which focused on stock picking, just backfired, Bloomberg reports. SoftBank reported a record annual loss at its Vision Fund unit as a global selloff in tech shares battered the value of public holdings like Coupang, Inc (NYSE:CPNG) and DiDi Global Inc (NYSE:DIDI). The Vision Fund unit hinged…

Benzinga

DiDi Faces Double Whammy Of US, China Investigations

The U.S. SEC is probing DiDi Global Inc's (NYSE:DIDI) botched U.S. IPO, the Financial Times reports. DiDi's annual report disclosed that "the SEC contacted us and made inquiries in relation to the offering." DiDi President Jean Liu also made her posts on the Chinese social media platform Weibo Corporation (NASDAQ:WB) invisible to her 10 million…

Benzinga

Why DiDi Global Shares Are Plunging Today

Senior Chinese officials have pushed back on proposed punishments for DiDi Global Inc (NYSE: DIDI) submitted by the nation's cybersecurity regulator, jeopardizing its Hong Kong listing plans,

Benzinga

How Is The Market Feeling About DiDi Global Inc. American Depositary Shares (each four representing one Class A Ordinary Share)?

DiDi Global Inc. American Depositary Shares (each four representing one Class A Ordinary Share)'s (NYSE:DIDI) short percent of float has fallen 10.0% since its last report.

Benzinga

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Benzinga

Why DiDi Global Stock Is Falling

DiDi Global Inc (NYSE: DIDI) shares are trading lower Monday after the company announced a shareholders meeting to vote on voluntarily delisting the company's American Depositary Shares from the New York Stock Exchange.

Benzinga

Looking Into DiDi Global Inc. American Depositary Shares (each four representing one Class A Ordinary Share)'s Recent Short Interest

DiDi Global Inc. American Depositary Shares (each four representing one Class A Ordinary Share)'s (NYSE:DIDI) short percent of float has fallen 15.66% since its last report.

StockNews.com

5 Chinese Tech Stocks Wall Street Predicts Will Rally by More than 45%

Despite increased regulatory pressure on Chinese tech stocks, the industry holds enormous long-term growth potential. In addition, Beijing's pledge to support the country’s economy by adopting favorable policies should further aid the sector’s performance. Therefore, Wall Street Analysts expect fundamentally sound Chinese tech stocks DiDi Global. (DIDI), GDS Holdings (GDS),…

Benzinga

SoftBank Founder Boosts Collateral To 33% Of Stock As Stock Prices Sink

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son has raised the collateral stock to financial institutions as its shares plunged over 2021, Bloomberg reports. Son boosted the stock pledged as collateral to ~33% of his stake or 153.3 million shares in SoftBank as its shares sank 60% from their peak last year.…

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Benzinga

DiDi Had To Postpone Its IPO After Jack Ma's Ant: Bloomberg

DiDi Global Inc (NYSE:DIDI) had to pull the brakes on its Hong Kong listing as it failed to satisfy China's concerns over sensitive data leak, Bloomberg reports. Uber Technologies Inc's (NYSE:UBER) Chinese counterpart remained vulnerable to the possible derailing of its listing plans and regulatory penalties. The ride-hailing company's main apps were removed from local…

Benzinga

Here's Why DiDi Shares Are Trading Lower Today

China's transport ministry ordered ride-hailing companies to disclose pricing details to the public, Reuters reports as per state broadcaster China Central Television. Wang Xiuchun, deputy director of the Department of Transport Services of the Ministry of Transport, instructed the online ride-hailing firms to set reasonable upper limits on commissions and make them…

Benzinga

DiDi To Slash 20% Workforce Ahead Of Hong Kong Listing: Report

China's Uber Technologies Inc (NYSE:UBER) counterpart DiDi Global Inc (NYSE:DIDI) looks to reduce its overall headcount by 20% as it pushes ahead with its Hong Kong listing, Bloomberg reports. Most of DiDi's core businesses will be affected by the cuts. DiDi aims to reduce expenses ahead of the Hong Kong listing. The report adds that…

Benzinga

Tencent Says It Did Not Make New Investment In DiDi Since IPO

Tencent Holdings Ltd (OTC:TCEHY) revealed not making any new investment in DiDi Global Inc (NYSE:DIDI) since it went public, Bloomberg reports. However, Didi's SEC filings disclosed an increased stake by Tencent. Tencent's filings disclosed the addition of 1.8 million Didi shares to its last-known holdings. Related Content: Why DiDi Global Shares Are Rising The company clarified that Tencent subscribed…

Benzinga

Why DiDi Global Shares Are Rising

DiDi Global Inc - ADR (NYSE: DIDI) shares are trading higher after Tencent Holdings Limited raised its stake in DiDi from 6.4% to 7.4%.

Benzinga

Why Alibaba And DiDi Global Shares Are Rising

Shares of several Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE: BABA) and DiDi Global Inc - ADR (NYSE: DIDI), are trading higher following news indicating China's state-backed investment

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