Chinese Regulators Announce $1.19B Fine on Didi
The Cyberspace Administration of China (CAC) on July 21 issued a series of punishments for Chinese ride-hailing platform Didi, following a digital security review.
Tag: #ride-hailing platform
Showing 12 of 112 posts with this tag
Ride-hailing Didi to Be Delisted from NYSE
Chinese ride-hailing giant Didi announced on Monday that it will delist from the New York Stock Exchange. Didi plans to file Form 25 with the US Securities and Exchange Commission on or after June 2.
5/23/20223 min read
Chinese Ride-hailing Giant Didi Chuxing Goes Public on New York Stock Exchange
Chinese ride-hailing giant Didi Chuxing went public on the New York Stock Exchange on Wednesday night with an issue price of $14, meaning that the company’s market value is expected to reach about $67 billion.
6/30/20211 min read
Volvo Announces Tie-up with Didi Chuxing to Develop Self-driving Test Fleet, Launches Revamped XC60
Swedish carmaker Volvo Cars announced on Monday that it has signed a deal with China’s largest ride-hailing platform Didi Chuxing to develop autonomous driving cars for a robotaxi fleet.
4/19/20213 min read
Shanghai's First Batch of Ride-Hailing Fuel Cell Cars to Enter Operation
The Shanghai municipal government announced on September 21 that the city's first batch of fuel cell vehicles for ride-hailing will be put into operation by the end of this month.
9/26/20223 min read
Didi to Vote on Delisting of U.S. Stocks on May 23
Didi Global, a leading ride-hailing platform in China, announced on April 16 that it will hold a special shareholders meeting at 19:00 on May 23 to vote on a voluntary delisting from the New York Stock Exchange (NYSE).
Didi Chuxing Undergoes Cybersecurity Review Two Days after Its US IPO
Recently-listed ride-hailing app, Didi Chuxing, has now found itself the subject of a national security and public interest investigation by China's cybersecurity watchdog.
7/2/20211 min read
Chinese Ride-hailing Company Dida Chuxing Rumored to Raise $300 Million in Pre-IPO Round
Bloomberg reports Chinese ride-hailing company Dida Chuxing is expected to raise up to $300 million in a pre-IPO round.
Didi Chuxing Delists from NYSE, Plans Hong Kong IPO
Chinese ride-hailing giant Didi Chuxing said on its Weibo account on Friday that, after careful study, the company will start the delisting process from the NYSE and plan its listing in Hong Kong.
12/3/20213 min read
DiDi Volunteer Fleets Provide Free Transportation for Medical Workers and Communities in Wuhan
A special fleet of DiDi drivers dressed in protective uniforms and driving regularly disinfected vehicles now offers around the clock free transportation to all hospital staff in Wuhan.
1/26/20201 min read
Chinese Ride-hailing Platform Didi To Lay Off 2,000 Employees
The cold Beijing winter took a heavy toll on Didi as the Chinese ride-hailing giant announced today that it will lay off 15 percent, roughly 2,000 staff members, this year.
2/15/20192 min read
Didi Pay Fined 4.27M Yuan by People's Bank of China
Information released on July 15 by the Business Administration Department of the People's Bank of China (Beijing) showed that Didi Pay has been formally warned for 12 kinds of illegal acts and fined 4.27 million yuan ($632,349).
7/18/20223 min read