The Digital Source For China's Tech Innovation Since 2000

Search
Close

With Its Exit, Didi Sends a Signal: China No Longer Needs Wall Street

December 6, 2021
Source: newsbinding.com newsbinding.com
News Snapshot:
The decades-long, trillion-dollar love affair between China and Wall Street is coming to an end. Didi Chuxing, a $39 billion company that is China’s answer to Uber, said on Friday that it would delist its shares from the New York Stock Exchange. Just six months ago, Didi was a Wall Street darling, raising billions of dollars from American pension funds and international investors in a splashy New York initial public offering. Those sorts of deals once fueled a three-decade relationship that helped reshape the global political and financial landscape. China generated heaps of money for Wall Street by hiring banks...
Go To Original Source →
Tags: Alibaba | Apple | automobile | bank | Beijing | Biden | Bill Clinton | car | censorship | China | Chinese | communist | currency | cybersecurity | Decoupling | Dollar | Donald Trump | e-commerce | Economy | education | finance | Goldman Sachs | Hong Kong | Internet | investment

Other Related News:

Tesla Deliveries Due After Shanghai Production Woes; Tesla Stock Hits Resistance – Investor's Business Daily

June 28, 2022

Nike profits dip on lower sales in North America, China

June 28, 2022

Berlin-Made Tesla Model Y Performance Appears to Have Softer Ride vs Shanghai Builds [VIDEO]

June 28, 2022

Chinese censors scrub internet after senior party official gives speech on timeline of zero-Covid in Beijing

June 28, 2022

Dutch Treat For JD, Hong Kong Internet Gains

June 28, 2022

China EV Sales: Tesla Rival BYD Breaks Out After Huge Win Streak; Nio, Li Auto, Xpeng Due

June 28, 2022

Western nations can ‘send message’ on China-Russia alliance

June 28, 2022

MACAU DAILY TIMES » Female referee at men’s World Cup wants the game to shine

June 28, 2022

Samsung Asset Management (Hong Kong) is launching the first APAC ex NZ Metaverse Active ETF in Hong Kong

June 28, 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....