Chinese regulators have asked top executives of ride-hailing giant Didi Global Inc to devise a plan to delist from US bourses on data security fears, Bloomberg News reported.
Didi and the Cyberspace Administration of China did not respond to Reuters requests for a comment. Shares in SoftBank Group Corp, which has a minority stake in Didi, fell more than 5%. If the privatization proceeds, shareholders would likely be offered at least the $14 per share IPO price, since a lower offer so soon after the June initial public offering could prompt lawsuits or shareholder resistance, the report said, citing sources.
Lol didi has partnership with grab they are about to be listed chances didi delist slim to none
Should we delist Zoom for it's servers in China? How about WeChat?
报告称，出于对数据安全的担忧，中国已要求出租车巨头滴滴从美国退市
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Softbank fall steepens after report that Chinese regulators have asked Didi to delist from U.S.Didi could either go for a privatization or a listing in Hong Kong after delisting in the U.S, the Bloomberg report said. wow This is a actually bullish 🍿🍿🍿
Source: CNBC - 🏆 12. / 72 Read more »
China accused of 'harassment' in South China Sea after vowing to back downChinese government vessels continued to follow and photograph Philippine boats resupplying troops on a disputed South China Sea atoll on Tuesday, Manila said.
Source: Newsweek - 🏆 468. / 52 Read more »
Five US lawmakers defy China by meeting with officials in TaiwanFive US lawmakers arrived in Taiwan on Thursday to meet with government officials, defying Beijing to visit the contested island. RepNancyMace RepNancyMace is not only a boss but also a smokeshow. Well done representing SC. Why is America helping Taiwan any way .. please give me a good reason why ? Taiwan will be next, just wait.
Source: CNN - 🏆 4. / 95 Read more »
U.S. Joins With China, Other Nations in Tapping Oil ReservesThe U.S. and five other countries including China will tap their national strategic petroleum reserves in an attempt to bring down gasoline prices that have become a sore spot with motorists and a big contributor to inflation, the White House said. wow Finger in a dike is great again But why? ,we didn’t have this problem before.
Source: WSJ - 🏆 98. / 63 Read more »
U.S. Invitation to Taiwan for Democracy Summit Tests Ties With ChinaThe Biden administration invited Taiwan to participate in a meeting of democracies, further bucking Beijing’s long-pressed campaign to isolate the island diplomatically Well its China's problem they give themselves such an ambitious goal like capture taiwan. They survived without it. What's next they gonna claim Moon ? we wanted a Semiconducters war with the covid regime but what do we get? A submarine accident and more kicking the can down the road. Truly who can stand to the dragon after the beast hands power? Wonder how many democracies will NOT attend because of Chinese pressure
Source: WSJ - 🏆 98. / 63 Read more »
China regulator says authorities working hard to stop U.S. delistings of Chinese firmsPotential delistings of Chinese companies from U.S. stock exchanges would not be good for companies, global investors or Sino-U.S. relations, an executive at China's securities regulator said on Thursday. Why stop U.S. delistings? Wouldn’t it be great to go back to the great motherland of CCP China to make money and revitalize China’s economy.
Source: Reuters - 🏆 2. / 97 Read more »