The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

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 →
China Tech Buzz Topics: 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 News:

Chinese Long March-7A Rocket Explodes After Liftoff

August 11, 2026

Chinese National Admits Guilt in Attempt to Export US Military Equipment to China

August 11, 2026

Industrial War Footing As North Asian Giants Prep Semiconductor Sector?

August 11, 2026

An AI Hacked Into a Gym to Secure a Spot in a Class, but Can It Cancel a Membership?

August 11, 2026
gizmodo.com gizmodo.com

7 Best DJI Cameras For Photography And Vlogging

August 11, 2026
bgr.com bgr.com

What Smart People Are Saying About Meta's Muse Glimmer

August 11, 2026
businessinsider.com businessinsider.com

TSMC reportedly has $1 billion of Apple chips awaiting delivery of DRAM – will this be what powers the iPhone 18 Pro?

August 11, 2026
techradar.com techradar.com

Meta's latest model advances Zuckerberg's vision for personal AI assistants

August 11, 2026
cnbc.com cnbc.com

Mark Zuckerberg's Answer to Growing AI Safety Concerns Is to Just Trust People to Do the Right Thing

August 11, 2026
gizmodo.com gizmodo.com
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2026 ChinaTechNews.com. A Service of Asia Media Network.