Saturday, May 2, 2026
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Tag: Didi Chuxing

Didi departure marks end of romance with Wall Street

NEW YORK—The Chinese ride-hailing giant Didi Chuxing’s announcement that it will delist its shares from the New York Stock Exchange marks the end of...

SoftBank posted net loss of $3.5 billion in third quarter, 1st in 18 months

Tokyo—Japan’s SoftBank Group on Monday suffered its first quarterly net loss in 18 months owing to a plunge in its Vision Fund investments, including...

Why China is hobbling its tech sector

Scuttled listings and share prices hammered by official threats: Beijing has launched a withering and very public assault on some of China's biggest tech...

Grab raising $2.5b to expand

SINGAPORE"•Southeast Asian ride-hailing firm Grab said Monday it expects to raise $2.5 billion in financing, mostly from China’s Didi Chuxing and Japan’s Softbank, as...

Uber opts to merge with rival in China

BEIJING—Ride-sharing giant Uber is to give up its ferocious battle for market share in China by merging its operations with local rival Didi Chuxing,...
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