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Chinese regulators ordered car-hailing services run by Didi Global Inc, Meituan and Alibaba Group Holding Ltd to rectify instances of misconduct by December, amping up scrutiny over an industry that employs millions.
Didi Global Inc suspended plans to expand in Europe partly because of government concerns over how the Chinese ride-hailing company handles passenger data, according to a person familiar with the matter.
JAKARTA (The Jakarta Post/ANN): Two months after its merger with e-commerce giant Tokopedia, ride-hailing and payments firm Gojek has announced it will quit the Thai market and begin focusing on two markets where it has gained the upper hand: Singapore and Vietnam.
NEW YORK: Didi Global Inc shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at US$68.49 billion in the biggest U.S. listing by a Chinese company since 2014.
DIDI Global Inc is on the cusp of pulling off one of the biggest United States initial public offerings (IPOs) of the past decade, the culmination of five years of battling first Chinese regulators and then Covid-19. Now Beijing again threatens to spoil the party.
It took just 28 Chinese characters on an obscure social media platform to ignite a controversy that’s rattled the country’s tech industry.
Civil aviation industry records 187.1% jump in February
BEIJING (Xinhua): China's tourism sector has reported a strong recovery so far this year and is expected to continue its current momentum as China further lifts travel restrictions amid a stable Covid-19 situation.
Chinese ride-hailing giant Didi Chuxing Technology Co plans to make its debut in Western Europe, people familiar with the matter said, as the company seeks new growth markets ahead of a long-awaited initial public offering.