The Digital Source For China's Tech Innovation Since 2000

Search
Close

DiDi shares pop as Beijing proposes a government stake

September 4, 2021
Source: capital.com capital.com
News Snapshot:
Chinese ride-hailing app DiDi saw its share rise by as much as 6% Friday following a Bloomberg News report claiming Beijing’s municipal government has proposed an investment in the company that would give state-run firms at least partial control. Investors viewed the news positively as the move could conclude persistent regulatory problems that have dogged DiDi since its $4.4bn US initial public offering (IPO) in June. “DiDi’s regulatory turbulence could end if Chinese regulators implement a government plan to invest in the ride-sharing firm, have veto rights over key decisions and levy a harsh fine,” analysts at Bloomberg Intelligence said....
Go To Original Source →
Tags: agreement | Alibaba | Antitrust | app | Beijing | Bloomberg | ByteDance | capital | Chinese | Didi | fine | government | initial public offering | Internet | investment | ipo | news | online shopping | online video | retail | social media | technology | TikTok | tourism | Xi Jinping

Other Related News:

Japan's Inpex says Australia risks unintended consequences as it 'quietly quits' LNG

March 30, 2023

Australia risks losing pole position in critical minerals race

March 30, 2023

AirTree founder sees geopolitical risk in Musk’s AI pause

March 30, 2023

Crack-Up Capitalism by Quinn Slobodian review zoning out

March 30, 2023

India and US can’t be allies, but they have to be friends for the liberal world order to remain ‘liberal’ and ‘ordered’

March 30, 2023

TikTok ban pushed by Missouri's Hawley blocked in Senate

March 30, 2023

Jaiswals, Oswals, Shahs-Gujarat's trading families once wielded more power than medieval courts

March 30, 2023

China's claims of 'Global Security Initiative' run counter to ground reality of bullying countries in SCS: Report

March 30, 2023

Australia’s leading listed battery maker wants to come home

March 30, 2023
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter