Guangzhou Xiaopeng Motors Technology Co. Ltd. (XPeng) announced on Monday that it will buy Didi Chuxing Technology Co.'s smart vehicle development unit. The stock deal is worth $744 million, the Chinese automaker said in a filing.
XPeng also said it plans to launch an "A-class Smart EV...
The Cyberspace Administration of China said on Thursday that it fined Didi, a mobile transportation company with headquarters in Beijing, $1.2 billion (8.030 billion yuan) after they alleged the company violated Chinese network security, data, and personal information laws.
The cybersecurity...
China is working on fining Didi Global $1 billion due to an investigation regarding the company's cyber activity that has been underway for a year already, the Wall Street Journal reported on Tuesday, citing sources familiar with this topic. The fine accounts for 4% of Didi's last year's total sales,...
Didi Chuxing would be making final updates to restore its apps to Chinese app stores, according to South China Morning Post, citing people familiar with the matter.
The firm was previously delisted from the New York Stock Exchange (NYSE) in order to address Beijing's cybersecurity concerns. However,...
DiDi Global Inc. will be trading at the New York Stock Exchange for the last time on June 10, before exiting, Nikkei reported, citing sources familiar with the matter. However, "delisting from New York won't automatically lead to a relaunch of Didi's apps in China," one of the sources shared.
Earlier in...
DiDi Global Inc.'s shares jumped more than 50% in Monday's premarket session after being learned that China could allow the company to add new users as soon as this week.
According to a report by The Wall Street Journal, Chinese authorities are concluding year-long investigations into giant Didi...
China is nearing the end of its cybersecurity investigation into DiDi Global Inc. and may allow the company to add new users as soon as this week, The Wall Street Journal reported on Monday, citing unnamed sources with knowledge of the situation.
Alongside DiDi, digital freight platform Full Truck...
DiDi Global Inc. announced on Monday that it notified the New York Stock Exchange of its decision to delist its shares. The move follows a shareholder vote after the company "concluded that it needs to complete the cybersecurity review and rectification in order to resume normal operations."
DiDi...
DiDi Global Inc. announced on Thursday that it is halting its food delivery business activity in Japan, which is seen as a sign of withdrawal as it prepares for a US delisting.
According to the company, they took the decision based on the "local market conditions," and now they "will focus" on their...
DiDi Global Inc.'s shares listed in the United States dropped as much as 22% in the premarket on Monday after the company announced late last week that it scheduled an extraordinary general meeting of shareholders in Beijing on May 23.
Stockholders will "vote on the voluntary delisting" of DiDi's...
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