Didi Global İnc, Jean Liu

Didi Global İnc, Jean Liu

Sources: Didi co-founder Liu told associates she plans to leave | Malay Mail

Sources: Didi co-founder Liu told associates she plans to leave | Malay Mail

20/9/2021 8:55:00 PM

Sources: Didi co-founder Liu told associates she plans to leave | Malay Mail

\HONG KONG, Sept 20 — Didi Global Inc co-founder and President Jean Liu has told some close associates that she intends to step down, two sources familiar with the matter said, as the Chinese ride-hailing giant faces intense regulatory scrutiny following its New York listing earlier this year....

channel for the latest updates.HONG KONG, Sept 20 — Didi Global Inc co-founder and President Jean Liu has told some close associates that she intends to step down, two sources familiar with the matter said, as the Chinese ride-hailing giant faces intense regulatory scrutiny following its New York listing earlier this year.

Pandelela bongkar pengalaman diganggu bekas jurulatih gatal | Harian Metro No legal action against anti-vaxxers yet, says Khairy | New Straits Times A wise ruler needs no additional power - Sultan Nazrin

Liu, 43, has in recent weeks told some associates that she expected the government to eventually take control of Didi and appoint new management, said the two sources.Liu, a former Goldman Sachs Group Inc banker, told a couple of executives close to her in recent weeks — including those who had followed her to join Didi from the Wall Street bank — that she planned to leave and encouraged them to start looking for new opportunities as well, said one of the sources who was briefed on the matter.

Some of those executives have since approached industry contacts for job leads, the source said.Reuters was unable to learn further details, including whether Liu had submitted a formal resignation letter or set a date to leave.Didi said it is “actively and fully cooperating with the cybersecurity review. Reuters’ rumours about management changes are untrue and unsubstantiated.” headtopics.com

Liu did not respond to Reuters request for comment sent via the company spokespersons.Didi, sometimes dubbed the Uber of China, has come under intense scrutiny since early July by Chinese authorities over its collection and use of personal data of users of its service, pricing mechanisms and competitive practices.

Officials have launched a broad crackdown on private companies, including those in the tech sector, to control big data and break down monopolistic practices.Billionaires minted by high-profile listings, such as Didi’s US$4.4 billion (RM18.4 billion) debut, have fallen out of favour as President Xi Jinping warns against the country’s vast income inequality.

Didi ran afoul of the powerful Cyberspace Administration of China (CAC) when it pressed ahead with its debut on June 30, despite the regulator urging the company to put it on hold while it conducted a cybersecurity review of its data practices, according to people with knowledge of the matter.

Soon after the listing, the CAC announced an investigation into Didi and subsequently ordered the removal of its apps for download in China. Officials from at least six other departments also got involved.Reuters could not learn whether regulators had asked for Liu’s departure and what would happen to other executives, such as Didi Chairman and CEO Will Cheng. headtopics.com

You can be fined or jailed for riding eScooters on public roads in Malaysia, warns police - SoyaCincau Nur Sajat alleges assault, molest by religious authorities during questioning “Saya dah hilang rasa hormat… tak pernah serik” -Shuk Sahar terus dikecam warganet - Utusan Digital

One of the sources familiar with Liu’s plans said the Harvard alumni and daughter of Lenovo Group founder Liu Chuanzhi had also talked about leaving Didi in the years before the current regulatory crisis to try her hand at something new.CAC did not respond to Reuters request for comment, while Didi did not respond to specific questions.

Liu joined Didi in 2014. She holds a 1.6 per cent stake, worth around US$640 million currently, in the company and controls 23 per cent of the vote, thanks to a dual-class share structure, according to the company’s prospectus.She has been deeply involved in the company’s key corporate financial decisions, including its merger with Alibaba Group Holding Ltd-backed Kuaidi in 2015, takeover of Uber Technologies Inc’s China business and fundraising from investors including Apple Inc.

Liu also oversees Didi’s other corporate matters including human resources and represents the company in external communications especially during crises. — Reuters Read more: Malay Mail »

Covid-19: Booster shots will not be mandatory, says KJ

KUALA LUMPUR: The government will not make it mandatory for people to obtain Covid-19 vaccine booster shots, says Khairy Jamaluddin.

US set to require vaccines for most non-US citizen travelers, sources say | Malay MailWASHINGTON, Sept 20 — The United States plans to mandate Covid-19 vaccines for nearly all non-US citizen international air passengers traveling to the United States as it relaxes other travel restrictions starting in early November, sources familiar with the matter said today. The White House...

Remote work goes ‘luxury’, but many may be left out | Malay MailSEPT 20 — Virtual reality meetings, US$7,000 all-in-one kits and digital hot desking: Big Tech is rolling out premium tools as the work-from-home era looks set to last well beyond the pandemic. But experts warn that while top-of-the-line features may benefit privileged Americans, millions of...

China wealth plans threaten European luxury stocks’ post-Covid boom | Malay MailLONDON, Sept 20 — China’s stuttering economic recovery and plans to redistribute wealth threaten to derail Europe’s booming luxury sector, leaving many investors apprehensive about buying the stocks even after their sharp August sell-off. Demand for high-end products in the world’s most...

Blackpink's Rose must have a bowl of rice before any important eventIn a video posted by Vogue for the Met Gala, Rose revealed a ritual she has to do before every important event - which is to have a bowl of rice.

Philippines divers clear plastic waste from corals for World Cleanup Day | Malay MailMANILA, Sept 19 — Divers in the Philippines pulled plastic bags, drinks bottles and fishing nets from a coral reef on Saturday, joining an annual cleanup that aims to highlight the impact of garbage on the world’s oceans. About a dozen divers cleared rubbish from the reef and nearby beaches as...

Liverpool go top with win over Palace as City held by Saints | Malay MailSEPT 19 — Liverpool went top of the Premier League with a 3-0 win over Crystal Palace yesterday, while champions Manchester City were held to a goalless draw at home to Southampton. Arsenal picked up their second straight win with a 1-0 victory at Burnley, while promoted Brentford posted an...