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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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Business

Chinese ride-hailing giant Didi debuts on New York Stock Exchange with $68 billion valuation

Chinese ride-hailing giant Didi Global ended its first day on the New York Stock Exchange with a valuation of $68.49 billion. That is even as its shares closed just 1% higher than their $14 offering price after slipping back from earlier strong gains. It was the biggest listing in the US by a Chinese company […]

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Business

GameStop bounces back after Robinhood lifts trading curbs

Shares of GameStop and other companies caught in the recent frenzy bounced on Friday, after online broker Robinhood lifted all the buying curbs imposed at the apex of the battle between amateur investors and Wall Street hedge funds. The videogame retailer, the initial trigger for the market slugfest after gaining popularity on social media platform […]