Didi

All news and posts of our editorial team on the topic

DiDi withdraws from Wall Street
Chinese ride-sharing service provider DiDi Chuxing plans to withdraw from Wall Street just five months after its IPO in New York. Following the announcement, DiDi shares fell by more than 22 percent on Friday to a price of $6, significantly less than at the stock market debut at the end of June. The issue price […] continue reading →
Report: DiDi loses top executive
The Chinese tech industry is facing the loss of another renowned leader. Co-founder Jean Liu will leave ride-hailing company DiDi Chuxing. She made the announcement to close confidants at the company, according to a report by Reuters. The 43-year-old is one of the central figures at Didi, over whose desk numerous trend-setting strategic decisions have […] continue reading →
Authority wants to prohibit US IPOs
Beijing is set to issue new rules to prohibit companies with large amounts of sensitive consumer data from going public in the US, according to a report. China’s stock market regulator has told companies and investors that the proposed rules are intended to block an initial public offering (IPO) of shares overseas, Bloomberg reported, citing […] continue reading →
DiDi postpones expansion to Europe
Ride-hailing services company DiDi Chuxing has put its European plans on hold for at least a year. This was reported by the British newspaper The Telegraph. The company originally had planned to offer its services in several European cities of Germany, France and the UK. The report cites new privacy regulations by Chinese authorities as […] continue reading →
New opportunities through tech crackdown
The US rating agency S&P sees China's crackdown on its tech giants as an opportunity to put the country's economic growth on a healthier footing, greater competition, and increase the diversity of companies. Other Western tech analysts share a similar view and speculate that the interests of Beijing and Western nations in the tech giants are not so different after all. continue reading →
China’s private initiative deficit
Star US economist Stephen Roach has long defended the future viability of China's tech sector. But the recent crackdown on innovation leaders by the government has him doubting. continue reading →
A campaign against private tutoring
Up until now, an investment in China's rapidly growing market for private education was considered a surefire bet. But now Beijing is cracking down on the industry with astonishing aggressiveness. At the stock market, vendors are experiencing a dire situation. However, whether these new rules will actually allow for more free time for stressed students and more equal educational opportunities, is a matter of doubt. continue reading →
Fines for content exploiting children: China reprimands online platforms
China’s Cyberspace Administration CAC has ordered several of the country’s largest online platforms to remove inappropriate child-related content. Kuaishou, Tencent’s messaging tool QQ, Alibaba’s Taobao and Weibo are to “correct” and “clean up” the illegal content, as the authority issued in a statement. The platforms were also fined. The CAC stated that the operation focused […] continue reading →
China slaughters its Golden Goose
Beijing's action against Didi appears to be just the beginning of a wider campaign to seize control of China's thriving tech sector. China's tech entrepreneurs are in for a rude awakening. Meanwhile, Washington's worries may have unfounded. The Chinese government seems to be doing everything in its power to lose its tech race with the US. continue reading →