Sources: Didi bans current and former employees from selling shares indefinitely; Didi has lost ~60%, or ~$38B, in market value since its New York IPO in June
Chinese ride-hailing group extends lock-up period after moving to delist from New York — Didi Chuxing has barred current …
Sens. Bill Hagerty and Chris Van Hollen have called on the SEC to investigate whether Didi Chuxing misled American investors ahead of its IPO last week
Financial Times :
China's Cyberspace Administration orders app stores to remove Didi Chuxing app, citing serious violations in the collection and usage of personal information
- Internet watchdog asks operators to remove ride-hailing app — The surprise ban comes days after Didi's New York debut
Shares of Didi Chuxing closed up 1% in its trading debut, giving it a market cap of $67.8B; stock spiked as much as 28.6% intraday
Sources: China's market regulator has begun an antitrust probe into Didi Chuxing, as it prepares for a US IPO
Chinese ride-hail company Didi Chuxing files for a US IPO, reports a $1.7B loss on $21.6B in revenue for 2020
Chinese ride-hail company Didi Chuxing filed for an initial public offering on Thursday. — Why it matters: Didi is not only known as the Uber of China, but actually beat Uber …
Chinese regulators expand scrutiny to ride-hailing sector, warning execs from Didi Chuxing and nine other companies against price fixing and monopolizing data
Christian Shepherd / Financial Times :
Sources: Didi Chuxing has filed confidentially with the SEC for an IPO that could value it at $70B-$100B, and is raising $1.5B in debt financing from banks
Chinese ride-hailing company Didi Chuxing has filed confidentially with the U.S. Securities and Exchange Commission for an initial public offering …
Sources: Didi Chuxing is raising $1.5B in debt financing from banks ahead of a potential US IPO that could value the company at about $100B
- Ride-hailing giant signs revolving loan facility with banks — Debt deal to serve as stepping stone ahead of share sale
Sources: Didi Chuxing is planning to raise as much as $500M for its self-driving unit at a valuation of ~$6B
Bloomberg :