The Digital Source For China's Tech Innovation Since 2000

Search
Close

U.S.-Listed Chinese Stocks Lose $80 Billion In Value As Didi Delisting Crashes Prices

December 4, 2021
Source: nativenewspost.com nativenewspost.com
News Snapshot:
Topline Shares of Chinese tech giants trading in the United States posted stunning losses Friday amid intensifying concerns over U.S. regulatory efforts to ramp up financial disclosures for foreign entities after ride-hailer Didi Global’s catastrophic trading debut this year, yielding one-day losses of more than $80 billion for the ten largest U.S.-listed Chinese stocks. Key Facts Heading up the Friday plunge, Didi shares had plummeted 18% by 12:30 p.m. EST, wiping out $7 billion in market value after the embattled Beijing-based firm [announced](//www.businesswire.com/news/home/20211202006040/en/DiDi-Announces-Recent-Developments) it would begin removing its shares from the New York Stock Exchange and instead list on the...
Go To Original Source →
Tags: Alibaba | author | Baidu | Beijing | Business | CEO | China | Chinese | e-commerce | education | finance | Hong Kong | Internet | investment | NetEase | New York | online game | online shopping | Pinduoduo | search engine | stock exchange | stock market | stocks | technology | United States

Other Related News:

Chinese robotic dog maker Unitree distances itself from Russian report showing a mounted rocket launcher 'SCMP' News Summary (Hong Kong) BEAMSTART

August 17, 2022

Chinese e-commerce market set to overtake US in total customer spending

August 17, 2022

Photo Prints Market is booming Globally with Top key players-Ifolor, Orwo, Walmart Photo, CEWE, Amazon Prints, Fujifilm, Bay Photo Lab, District Photo, Albumprinter(Cimpress), Office Depot, Xiangshenghang, Pro Lab, Allcop, Process One Photo, China-Hongkong Photo, CVS Photo, Mpix, Kim Tian Colour, Vistek, Nations Photo Lab, Kallos Studio, Walgreens Photo

August 17, 2022

Beijing forces digital giants to reveal their algorithms

August 17, 2022

Chinese tech company reveals robot weeks before Tesla

August 17, 2022

Chinese power cuts to have ‘little impact’ on production: Hon Hai

August 17, 2022

Tencent looks overseas for video gaming growth as home market cools under tech crackdown 'SCMP' News Summary (Hong Kong) BEAMSTART

August 17, 2022

Tencent looks overseas for video gaming growth as home market cools under tech crackdown

August 17, 2022

[Doujinshi] [Camrism (Kito Sakeru)] Kusozako Manko Kyaru-chan to Kusozako Chinpo Kishi-kun ? ? (Princess Connect! Re:Dive) [Chinese] [?] [Digital]

August 17, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....