Tag: #IPO

Showing 12 of 374 posts with this tag

China VC Weekly: Robots, Insurtech and Crypto

China VC Weekly: Robots, Insurtech and Crypto

In last week’s China VC news: Shenezhen-based robotic automation startup Youibot raises 100 million yuan, crypto services provided Babel Finance bags a $40 million Series A and insurtech firm Yuanbao capitalizes on competitor Waterdrop’s IPO by raising a 1 billion yuan Series C round.

5/11/20213 min read
Didi Denies Going Private, Pre-Market Price Soars 50%

Didi Denies Going Private, Pre-Market Price Soars 50%

On the evening of July 29th, the Wall Street Journal reported that Didi, an online ride-hailing company, was considering privatization to appease the dissatisfaction of Chinese authorities. The report said that the company would also compensate investors for losses incurred by the company's listing in the United States a month earlier. Didi later denied this report on its official Weibo channel. Prior to that time, the company's pre-market share price spiked 50%.

7/29/20212 min read