Beijing has tightened the rules on overseas listings by Chinese firms in a series of new regulations that increase scrutiny of companies seeking to raise funds on foreign stock markets. China has stepped up scrutiny of major overseas listings after a controversial New York IPO by ride-hailing giant Didi Chuxing went ahead this year, despite …
China Tightens Rules On Overseas Listings In Didi Fallout Read More »
The Chinese ride-hailing giant Didi Chuxing’s announcement that it will delist its shares from the New York Stock Exchange marks the end of a cushy relationship between Wall Street and Chinese tech giants, who are under siege from authorities in Beijing and regulators in America. Only five months transpired between Didi’s going public in New …
Didi Departure From NYSE Marks End Of Wall Street Romance With Chinese Big Tech Read More »
Regulators in China have asked ride-hailing giant Didi to draw up a plan to delist from the United States over data concerns, a report said Friday, as Beijing continues its tight scrutiny of domestic tech giants. Over the past year, several of the country’s biggest companies — including Alibaba, Tencent and Meituan — have been …
Beijing Asks Ride-hailing Giant Didi To Delist From US: Report Read More »
FILE PHOTO: A Didi logo is seen at the headquarters of Didi Chuxing in Beijing, China November 20, 2020. REUTERS/Florence Lo/File Photo March 24, 2021 By Julie Zhu and Kane Wu HONG KONG (Reuters) – China’s top ride-hailing firm Didi Chuxing is leaning toward picking New York over Hong Kong for its initial public offering …
