YOU WONT BELIEVE: Didi global inc org - What They Never Told You

Uber Had Weighed Strategic Options For Indian Business At One Point

Uber Technologies, Inc (NYSE:UBER) had weighed strategic options for its Indian ride-hailing business, including a sale, but suspended discussions following the meltdown in tech startup valuations, the Bloomberg reports. Uber began weighing alternatives, including a stock swap with local companies or a pullout, before a global equity market selloff spoilt the plans.…

Benzinga · Jun 23, 2022

DiDi Discusses Stake Acquisition In Sinomach Automobile's EV Division For $150M

DiDi Global Inc (NYSE:DIDI) discussed acquiring a third of the EV unit of state-backed Sinomach Automobile, Reuters reports. Recent reports suggested possible ease in the regulatory crackdown on the ride-hailing company. Didi was amid advanced discussions to acquire shares in small-sized automaker Sinomach Zhijun Automobile from minority shareholders, costing over 1 billion yuan…

Benzinga · Jun 8, 2022

JP Morgan Sees Buying Opportunities In Alibaba And Other Chinese Stocks Citing These Reasons

The 2021's deep selloff in Chinese stocks could finally be on the verge of a turnaround, Bloomberg quoted JP Morgan Chase & Co (NYSE:JPM) strategist Marko Kolanovic. Kolanovic expected the Chinese equities to have reached their turning point with ease in lockdowns, continued growth support measures, and possible relaxation in the regulatory crackdown.…

Benzinga · Jun 7, 2022

DiDi Investors To Vote On US Delisting

DiDi Global Inc (NYSE:DIDI) shareholders will vote to delist from the NYSE to get its services back on to Chinese app stores for the first time in almost a year. The plan to delist comes almost a year after the company pushed ahead with a $4.4 billion initial public offering in the U.S.…

Benzinga · May 23, 2022

CLSA Expects SoftBank To Focus More On Buybacks Than High Growth Stocks Like Alibaba

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) may, for the first time, spend more on share buybacks than investments through its landmark Vision Fund as the firm goes into "defense" mode, according to CLSA's Oliver Matthew. "I think that the comments yesterday from Masayoshi Son made it very clear we're in defense round…

Benzinga · May 13, 2022

Alibaba And Other Chinese Stock Investors Remain Cautious Over China's Political Body Forum With Leading Firms

China’s top political advisory body looks to host a forum next week with some of the nation’s largest private-sector firms, including Baidu, Inc (NASDAQ:BIDU), Bloomberg reports. While the conference focused on developing China’s digital economy, investors will likely watch for a possible wind-down of its year-long crackdown on the tech sector after a…

Benzinga · May 12, 2022

SoftBank's Stock Picking Unit Suffers Colossal Losses Due To Tech Meltdown

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son's controversial side venture SB Northstar, which focused on stock picking, just backfired, Bloomberg reports. SoftBank reported a record annual loss at its Vision Fund unit as a global selloff in tech shares battered the value of public holdings like Coupang, Inc (NYSE:CPNG) and DiDi Global Inc (NYSE:DIDI).  The Vision Fund unit hinged…

Benzinga · May 12, 2022

DiDi Faces Double Whammy Of US, China Investigations

The U.S. SEC is probing DiDi Global Inc's (NYSE:DIDI) botched U.S. IPO, the Financial Times reports. DiDi's annual report disclosed that "the SEC contacted us and made inquiries in relation to the offering." DiDi President Jean Liu also made her posts on the Chinese social media platform Weibo Corporation (NASDAQ:WB) invisible to her 10 million…

Benzinga · May 4, 2022

Why DiDi Global Shares Are Plunging Today

Senior Chinese officials have pushed back on proposed punishments for DiDi Global Inc (NYSE: DIDI) submitted by the nation's cybersecurity regulator, jeopardizing its Hong Kong listing plans, 

Benzinga · Apr 21, 2022

How Is The Market Feeling About DiDi Global Inc. American Depositary Shares (each four representing one Class A Ordinary Share)?

DiDi Global Inc. American Depositary Shares (each four representing one Class A Ordinary Share)'s (NYSE:DIDI) short percent of float has fallen 10.0% since its last report.

Benzinga · Apr 20, 2022