Didi to lay off 20% of workforce: Report

China 02/21/22, 01:52

Caixin reported that Didi Chuxing Technology Co., a Chinese online car-hailing giant, plans to reduce its overall workforce by 20%. The layoff notice will be completed by the end of February. In 2021, Didi was repeatedly entangled in a storm of public opinion, from antitrust fines to the founder's background to ...

Meihua becomes the first Chinese firm to list in US after Didi crackdown

China 02/19/22, 20:07

Bloomberg reported that Meihua International Medical Technologies Co., a medical equipment business, has become the first Chinese company to list in the United States since Didi Global Inc.'s IPO prompted a regulatory reaction in July. According to an announcement, Meihua raised $36 million on Wednesday by selling 3.6 million shares for ...

Didi shares drop more than 20% after plan to delist from the US

China 12/05/21, 22:57

Ride-hailing giant Didi Global saw a significant drop in stocks after it announced moving away from the New York Stock Exchange Friday, Dec. 3. The company's stock dropped 22.17%, resulting in a market value loss of $8.4 billion. Reuters noted that Didi shares have dropped around 57% since their June 30 ...

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