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Business World

Chinese ride-hailing giant Didi to exit New York Stock Exchange and move to Hong Kong

Chinese ride-hailing giant Didi Global has announced plans to take its shares off the New York Stock Exchange (NYSE) and move its listing to Hong Kong. The firm has come under intense pressure since its US debut in July. Within days of the initial public offering (IPO) Beijing announced a crackdown on technology companies listing […]

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World

Chinese ride-hailing giant Didi pauses plan to enter UK and European markets

Chinese ride-hailing giant Didi has halted plans to launch in the UK and continental Europe. The Uber rival had been planning to roll out services in Western Europe, including major British cities. Didi is in consultation with the team working on the project on reassigning new roles or potential redundancies. The move comes as Chinese […]

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Business World

Didi Chuxing: The rise, fall and uncertainty of China’s ride hailing company

Just when things seemed to be going well for ride-hailing company Didi, the Chinese government began its crackdown plummeting its valuation. The world’s largest incorporation from China, Didi Chuxing provides ride hailing services. It formed in 2015 when Didi Dache and Kuaidi Dache merged. It was recently listed in the New York Stock Exchange for […]