Didi Chuxing

Didi plans 2024 Hong Kong listing in comeback bid: sources

CHINA’S biggest ride-hailing company, Didi Global, aims to list shares on the Hong Kong stock exchange next year, plotting a comeback from an ill-fated initial public offering (IPO) in New York in 202...

The company says it plans “to engage with our consumers and drivers more actively for the rest of 2023 through effective promotion and more diversified and affordable product offerings”.

China’s Didi Q2 revenue grows as regulatory curbs ease

REVENUES at China’s Didi Chuxing rose 52.6 per cent for the April-June quarter from a year earlier to 48.8 billion yuan (S$9.1 billion), as the ride-hailing company emerged from a regulatory crackdown...

In January, Didi’s main apps returned to China’s biggest mobile stores, paving the way for the company to resume business as usual, and to eventually work towards a Hong Kong listing.

Chinese ride-hailing giant Didi boasts US$14 billion value, one-year after NYSE delisting

A DELISTING from the US Big Board often marks the end of a company’s traction with big investors. For Didi Global, the story couldn’t be more different.

A Didi robotaxi concept car Didi Neuron, with robotic arms that can help passengers pick up luggage.

China’s Didi Global to roll out self-developed robotaxis by 2025

CHINESE ride-hailing giant Didi Global said on Thursday (Apr 13) that it is working with Chinese carmakers to develop its own robotaxis, which it aims to put into service by 2025, revealing a concept ...

Didi was among the highest-profile companies at the heart of a clampdown on the Internet industry that Beijing initiated in 2020 when it abruptly halted Ant Group’s IPO.

Didi’s apps reappear on mobile stores in comeback’s first step

DIDI Global’s main apps have returned to the country’s biggest mobile stores, allowing the ride-hailing giant to resume growth after more than a year spent in regulatory limbo.

Didi Global would take effective measures to ensure platform safety and data security, and safeguard national cyberspace security, it said in the statement.

China lifts ban on ride-hailing giant Didi’s new user registration

CHINA’S ride hailing giant Didi Global said in a statement on Monday (Jan 16) it would be allowed to resume new user registration, after a more than year-long ban that curbed its growth.

US lawmakers had last year called for an investigation into Didi’s controversial IPO - the biggest by a Chinese firm since Alibaba Group.

Didi Global faces SEC probe related to US IPO

THE US Securities and Exchange Commission is investigating Didi Global’s chaotic 2021 debut in New York, when the ride-hailing giant raised US$4.4 billion days before revelations of a Chinese probe in...

Didi Chuxing's app was taken down from China's app stores in 2021 after regulators ruled that it had illegally collected users' personal data.

Rival ride-hailing apps challenge Didi’s dominance in China

Tech players like Tencent have jumped into the fray, while ride-hailing aggregators face greater scrutiny

Tencent has no need to raise funds nor a timeline for such divestments, a spokesperson said.

Tencent denies report it will sell down Didi, Meituan stakes

TENCENT Holdings denied a report it was considering selling down investments in companies from Meituan to KE Holdings to bankroll share buybacks and new businesses.

While Didi was fined US$1.2 billion last month for violating data security rules, it is not clear whether or when its apps will be allowed to return to app stores, or whether or when it can resume new user registrations.

China’s cyber watchdog wants ‘affectionate’ ties with domestic Internet firms

CHINA’S cyberspace watchdog wants to build an “affectionate” relationship between Internet enterprises and the government, a senior official said on Friday (Aug 19), the latest verbal assurance to an ...