Didi

DiDi Global Inc (NYSE: DIDI) is preparing to delist from the New York Stock Exchange (NYSE), according to a Reuters report. What Happened: The company announced that it will hold an extraordinary general meeting (EGM) on May 23 to vote on its delisting plans. DiDi said that it is going to...

Too big to fail. That's what they said about the banks when taxpayers bailed them out during the housing crisis (no, not the potentially looming one), the one back in 2008. And, of course, they were right. But Didi  (NYSE: DIDI) isn't a bank holding subprime mortgages. It's a ride-...

Cyberspace Administration of China (CAC) on Sunday asked the smartphone app stores in China operated by Apple Inc (NASDAQ: AAPL) and some smartphone makers such as Huawei Technologies Co. and Xiaomi Corp., to stop offering DiDi Global Inc - ADR's (NYSE: DIDI) app,...

17 IPOs are slated to raise $9.1 billion in the week ahead, led by long-awaited Chinese ride-hailing giant DiDi Global (NYSE: DIDI), scheduled to make its billion-dollar debut. DiDi DiDi is aiming for a market cap of $67.5 billion. China's dominant ride-hailing app expects to raise more than $4...

Didi Global operates in 16 countries, but 90% of its revenues come from China. In 2020, the ride-hailing giant saw its business plummet due to lockdowns related to COVID-19 and lost $1.6 billion on $21.6 billion in revenue, a 10% decline from 2019. The loss might have been bigger, save for its...

Ride sharing services are among the disruptive technologies the automotive sector has come to adopt. This service is pitched as a replacement for car ownership and at the same time offer personalized transportation service. The potential, the opportunity flaunts, is there for everybody to see and...

In a new report, Deutsche Bank analyst Rod Lache discussed the impact that driverless cars will have on the U.S. auto industry. According to Deutsche Bank, 8.2 percent of all Americans and up to 61 percent of those living in urban settings will find autonomous vehicles cheaper and more convenient...