Didi

Platform Industry: ByteDance China company building

Tech workers bemoan China’s crackdown on compulsory overtime

The Chinese communist government’s campaign to improve conditions for workers has spurred companies, particularly some of its tech giants, to cut down on long hours of compul...

Didi V2X

Didi suspends UK launch plans amid China crackdown on tech firms

Chinese ride-hailing giant Didi Global Inc has suspended its plans to launch in Britain and continental Europe, The Telegraph has reported, against the backdrop of a regulatory bac...

Didi V2X

China’s Didi improves pay transparency for drivers

Didi Global Inc has said it will provide its drivers in several Chinese cities with more details on the fees they receive, the first big move by the ride-hailing giant after state ...

Platform News: Didi

Didi app takedown may hit revenue, other US-listed Chinese firms probed

Ride-hailing giant Didi Global Inc said a regulatory order that its app be removed from app stores in China could hurt revenue, while other newly US-listed Chinese firms also found...

Didi V2X

China orders Didi app downloads suspended over data violation

China’s cyberspace regulator has said that it had ordered smartphone app stores to stop offering Didi Global Inc’s app after finding that the ride-hailing giant had ill...

Platform Industry News: Ride-sharing driver

How do ride-hailing giants Didi and Uber compare?

Chinese ride-hailing giant Didi Global is set to make its trading debut on the New York Stock Exchange after an IPO that sources said raised $4.4 billion, valuing it at $67.5 billi...

Platform News: Didi

China’s Didi worth $68 billion after US debut

Didi Global Inc shares ended their first day of US trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest ...

Didi V2X

China’s Didi reveals US IPO filing, sets stage for blockbuster float

Didi Chuxing, China’s biggest ride-hailing firm, has made public its filing for a US stock market listing, setting the stage for what is expected to be the world’s bigg...

Platform News: Japan's SoftBank

SoftBank Vision Fund seen posting record earnings on Coupang

SoftBank’s $100 billion Vision Fund is widely seen reporting record earnings on the 12th of May after portfolio companies listed during the quarter, mostly driven by gain on ...

Singapore's Grab

Grab to go public in world’s biggest $40 billion SPAC merger

Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger with special-purpose acquisition company Altimeter Growth Corp securing a valuat...

Didi V2X

Didi Chuxing picks Goldman and Morgan Stanley for its US IPO

China’s top ride-hailing firm Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its blockbuster IPO and plans to file confidentially for the New York float t...

Didi V2X

Didi lines up 2021 IPO in Hong Kong, targets more than $60 billion valuation

China’s leading ride-hailing business Didi Chuxing is considering Hong Kong to get a multibillion-dollar first public offering next year, falling previous aims to list in New...

Didi V2X

Didi Chuxing partners with WhatsApp for ride-hailing in Brazil

Brazilian ride-hailing support 99, controlled by China’s Didi Chuxing Technology, has partnered with WhatsApp to accept orders on the conversation platform possessed by Faceb...

Didi V2X

Didi and BYD to launch co-designed ride-hailing EV in China

BYD received approval from China’s Ministry of Industry and Information Technology to market an electrical sedan version known as D1 last month, based on government records. ...

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