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The Latest Breaking News from Didi

China fines Didi $1.2bn over ‘egregious’ data security violations

Cyberspace Administration of China says Beijing-based startup illegally collected user data since 2015.

Al Jazeera

Chinese ride-hailing giant Didi hit with $1.2 bn fine

Beijing (AFP) - China has fined ride-hailing giant Didi more than 8 billion yuan ($1.2 billion), regulators announced Thursday, concluding a year-long investigation into alleged data security violations.

AFP

China investors call it quits as Xi, ‘zero COVID’ sap confidence

Overseas investors shed a record $150bn in yuan-denominated assets in the first quarter of this year.

Al Jazeera

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Chinese Mortgage Boycott Gains Steam

Homebuyers’ threats to stop payments on unfinished projects could deepen an ongoing real estate crisis.

Foreign Policy

Stock markets rally on tech bounce, earnings hope

Hong Kong (AFP) - Equities piled higher Wednesday following a surge on Wall Street, as investors grow hopeful in the ongoing earnings season, while sentiment was also boosted by news that Russian gas flows to Europe will not be cut off.

AFP

China to fine ride-hailing giant Didi more than $1bn

BEIJING: China is preparing to hit ride-hailing giant Didi with a fine of more than US$1 billion to wrap up a long-running probe, media reports said, boosting investor hopes that the country's tech crackdown is winding down.

Bangkok Post

China to fine ride-hailing giant Didi more than $1 bn: reports

Beijing (AFP) - China is preparing to hit ride-hailing giant Didi with a fine of more than $1 billion to wrap up a long-running probe, media reports said, boosting investor hopes that the country's tech crackdown is winding down.

AFP

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Chinese Ride-Hailing Giant Didi Bids Goodbye to NYSE

The company’s stock closed 84% down from its IPO price on Friday before its trading moves to the over-the-counter market

Caixin Global

Morning Brief: Top Financial Stories Dominating on Wednesday, June 8

CNBC

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

China approves 60 new games, lifting hopes tech crackdown is ending

Beijing (AFP) - China has approved the release of dozens of new video games, sending the shares of some of its biggest tech firms soaring Wednesday on hopes that a long-running and painful crackdown on the sector is easing.

AFP

China Approves 60 New Games

China has approved the release of dozens of new video games, boosting the shares of some of its biggest tech firms Wednesday on hopes that a long-running and painful crackdown on the sector is easing. The announcement follows a report in The Wall Street Journal on Monday that said regulators…

Asharq Al-Awsat

China approves 60 new games, sparking hopes tech crackdown is ending

Beijing (AFP) - China has approved the release of dozens of new video games, boosting the shares of some of its biggest tech firms Wednesday on hopes that a long-running and painful crackdown on the sector is easing.

AFP

16 Stocks Moving in Tuesday's Pre-Market Session

Gainers Helbiz, Inc. (NASDAQ: HLBZ) shares rose 38% to $1.27 in pre-market trading following a Form 4 filing showing the purchase of 2,044,676 shares by CEO Salvatore Palella at an average price of $0.99.

Benzinga

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Benzinga

95 Biggest Movers From Yesterday

Gainers AeroClean Technologies, Inc. (NASDAQ: AERC) shares gained 100.4% to close at $4.75 on Monday after the FDA granted clearance for the company's pūrgo technology, classifying it as a class II medical device.

AFP

Markets mixed as rate hike woes offset China tech hopes

Hong Kong (AFP) - Stock markets struggled Tuesday on long-running worries over surging inflation and rising interest rates, which overshadowed hopes that China would ease off its regulatory drive against the country's beleaguered tech giants.

AFP

Asian markets mixed as rate hike woes offset China tech hopes

Hong Kong (AFP) - Asian markets struggled Tuesday on long-running worries over surging inflation and rising interest rates, which overshadowed hopes that China would ease off its regulatory drive against the country's beleaguered tech giants.

Benzinga

52 Stocks Moving In Monday's Mid-Day Session

Gainers DiDi Global Inc. (NYSE: DIDI) jumped 51.4% to $2.80 after the Chinese government said the company can resume adding new users.

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news in one place.

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Benzinga

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

Morning Brief: Top Financial Stories Dominating on Friday, May 27

CNBC

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…

AFP

Didi shareholders vote to delist from New York stock exchange

Beijing (AFP) - Shareholders of Chinese ride-hailing giant Didi Global voted Monday to delist the company in New York, the firm said in a statement, nearly one year since it was hit by a sweeping tech clampdown.

Benzinga

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.…

The Guardian - UK

Chinese taxi app Didi shelves plans for major overseas expansion

Exclusive: Prominent tech company cuts half its UK employees amid signs of pressure from Beijing government

The Guardian - AU

‘Beyond a joke’: Uber and taxi drivers plead for relief as petrol prices rise again

Drivers say costs have surged but fares have stayed flat, forcing them to be picky about the trips they choose

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