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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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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   


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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   


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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   


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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   


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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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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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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   


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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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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   


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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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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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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   


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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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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   


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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   


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2 mins read

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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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   


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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   


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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