Didi Global (DIDIY)

[behappyalways]

22.04.19【豐富│東南西北龍鳳配】Pt.3 大國數據安全多重要？「滴滴」示範一次給你看！
https://m.youtube.com/watch?v=zzHM-Txga1I&t=1s

[winston]

vested

Didi’s Hong Kong listing hits snag as plan by China’s ride-hailing giant is on indefinite hold pending outcome of probes, sources say

Didi was notified that its relisting plan wouldn’t receive a green light until it makes sufficient ‘rectifications’ in accordance with probes conducted by regulators

Without instructions from Chinese regulators including the CAC, Didi cannot file its listing documents to Hong Kong’s exchange, said an official familiar with the process

Source: SCMP

https://www.scmp.com/tech/big-tech/arti ... 2bc948b66f

[winston]

vested

Didi homecoming still far away as SEC probes IPO

Didi Global's listing plan in Hong Kong remains mired in doubt with a US regulator now probing the ride-hailing giant's chaotic US debut last year.

The US Securities Exchange Commission is investigating Didi over its US$4.4 billion (HK$34.32 billion) initial public offering in New York in June last year, the company said in its annual filing on Monday.

Earlier in April, Didi said it won't apply for a listing on another exchange until after the US delisting is finished and it also set a shareholder vote for May 23.

Source: The Standard

https://www.thestandard.com.hk/section- ... probes-IPO

[winston]

vested

DiDi To Revive Normal Operation Only After US Delisting

DiDi Global Inc. (DIDI.US), owner of China's ride-hailing service Didi Chuxing, said the company could resume normal operation only after delisting from the New York Stock Exchange and completing a cybersecurity scrutiny.

This will involve applications for relaunching 26 apps and reviving new user registration in China.

However, DiDi Global ruled out going public on other stock exchanges before its U.S. delisting and cybersecurity scrutiny.

Source: AAStocks Financial News

[winston]

vested

Didi investors to vote on NY delisting after Beijing crackdown

11-month ordeal that wiped out around US$60 billion of its market value.

Extraordinary general meeting in Beijing.

The company, valued at around US$80 billion at its IPO, will likely see its stock traded over the counter.

Source: Bloomberg

https://www.businesstimes.com.sg/compan ... -crackdown

[winston]

vested

Didi Is Said to Draw China FAW’s Interest in Buying Stake

State-owned automaker China FAW Group Co. is considering acquiring a significant stake in the troubled ride-hailing giant Didi Global Inc. (Partner to foreign giants from Toyota Motor Corp. and Volkswagen AG+.

Shouqi Group -- part of the influential Beijing Tourism Group, and other companies based in Beijing were looking at a stake in the ride-hailing firm,

Some investors could be forced to sell because their mandates don’t allow them to hold unlisted shares. Hedge funds have already reduced their Didi holdings by 29% to about $232 million during the first quarter.

Source: Bloomberg

https://finance.yahoo.com/news/didi-sai ... 30568.html

[winston]

vested

Didi to resume app downloads and new user registrations as Beijing security probe nears completion: report

The ban on Didi accepting new users may be lifted as early as this week, while its apps are likely to be reinstated at the same time, the WSJ said

Didi said last Thursday it had submitted a NYSE delisting notification, which would take effect in about 10 days

by Coco Feng

Source: SCMP

https://www.scmp.com/tech/policy/articl ... g-security

[winston]

not vested

Didi Ends Tumultuous Run as a New York-Listed Company

Raised about $4.4 billion in June of 2021.

In April, Didi said fourth-quarter revenue fell 12.7% year-over-year to the equivalent of $6.4 billion, as revenue in its core ride-hailing business in China declined 15.1%. It reported a quarterly net loss equivalent to $27 million.

Didi has said its stock would still be tradable in the less-regulated and less-liquid over-the-counter market.

If the company deregisters its U.S. securities, trading will shift to another marketplace with no public price quotations.

Source: WSJ

https://www.wsj.com/articles/didi-ends- ... lista_pos5

[winston]

not vested

Didi apps ousted from China app stores for privacy reasons near return after ride-hailing firm’s NYSE delisting, sources say

The company is making final updates to get its apps restored to app stores after a year-long absence, a crucial step that would enable recruitment of new users

The fixes focus on data compliance with multiple new rules on privacy protection and user consent, sources say

by Coco Feng

Its ride orders fell 33 per cent in May compared with June 2021.

Meanwhile, rivals T3, which is backed by state-owned companies, and Cao Cao Mobility, incubated by carmaker Geely, saw orders jump by 149 and 32 per cent, respectively.

Source: SCMP

https://www.scmp.com/tech/article/31824 ... e=homepage

[winston]

not vested

8b yuan fine set to end tortuous Didi saga

The fine would account for about 4.7 percent of Didi's total revenue last year.

Alibaba's fine equated to about 4 percent of its 2019 domestic sales, while Meituan's was equivalent to 3 percent of its 2020 domestic sales.

Previously set aside 10 billion yuan for a potential fine.

Source: Reuters

https://www.thestandard.com.hk/section- ... -Didi-saga