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2 mins read
Investors are preparing to vote on whether China's ride-hailing app Didi will delist from the NYSE after year-long slide that erased $60 billion from its market value
Last June, Didi listed on the New York Stock Exchange despite Beijing's reluctance. Shortly after, …
Weilun Soon
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…
1 min read
SoftBank would cut startup funding by half this year as losses cross $13 billion
Japanese investment giant SoftBank on Thursday reported a huge net loss of 1.708 trillion yen ($13.…
1 min read
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
2 mins read
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
2 mins read
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
1 min read
Chinese ride-hailing company Didi became a retail favorite on its first day of trading
The stock was the top order from retail traders on Fidelity, beating Exela Technologies and AMC Ent…
Natasha Dailey
1 min read
Didi soars 28% in largest IPO debut for a Chinese firm since Alibaba, valuing ride-hailing firm at $86 billion
Didi is the second largest ride-hailing company by market value, behind Uber but ahead of Lyft, bas…
Matthew Fox
2 mins read
OYO’s valuation nears $10 billion with Microsoft’s $5 million investment
Global tech giant Microsoft has invested $5 million in hotel and hospitality business OYO, reported…
2 mins read
OYO takes first step towards a $1.2 billion IPO, reportedly appoints 3 investment banks
The development was reported by Moneycontrol citing industry sources, who also highlighted that …
2 mins read
China orders the removal of the Didi app from stores, accusing the ride-hailing company of illegally collecting personal data
App stores will remove the Didi app as the company seeks to rectify what the government described a…
Victoria Cavaliere
1 min read
Didi has secured record funding, and Uber should be worried
"The biggest risk any investor faces isn't losing money," says Andy Mok, managing dir…
1 min read
China's Didi Chuxing is eyeing a mega-IPO next quarter that values the ride-hailing service above $62 billion, report says
Didi is targeting an IPO as early as this summer at a valuation above the $62 billion it secured in…
Shalini Nagarajan
1 min read
Here’s why Uber’s Kalanick should fear Softbank founder Masayoshi Son
In the past, Son has convinced the Saudi Arabian government to fund $45 billion in SoftBank Vi…
10 mins read
BI Investigation: Is ‘Capital Dumping’ killing Indian Startups?
Capital Dumping is true and it’s happening and no one is doing anything about it. The government is…
2 mins read
Ola Cabs’ new round of fund raising to value it above $5 billion
Ola is also in talks with New York-based Meru Capital and Scottish investment firm Baille Gifford f…
2 mins read
SoftBank is reportedly on the brink of revealing the sequel to its $100 billion Vision Fund
SoftBank could chip in as much $50 billion this time around, a big jump from the $28 billion the co…
Daniel Strauss
1 min read
After Perth, Ola is now ready to serve Sydney
The homegrown ride hailing company began its global expansion after receiving investment from Ch…