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The Chinese Internet Giants’ Adventure Ends On Wall Street

December 7, 2021
Source: thetimeshub.in thetimeshub.in
News Snapshot:
December 6, 2021 Published on : 05/12/2021 – 23:49 Is the adventure of Chinese companies on Wall Street heading towards the end? The announcement of the withdrawal of “Chinese Uber” Didi Chuxing from the New York Stock Exchange is seen by analysts as the beginning of the withdrawal of other Chinese tech giants. Despite denials from Chinese authorities, experts believe Chinese internet giants under pressure from Beijing should follow China’s lead. Didi Chuxing. Indeed, Chinese companies have for the most part stopped raising funds by going public in the United States, according to the management company Renaissance Capital. In such...
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