
Business / Tech Dec 28, 2021
China unveils sweeping rules for foreign IPOs in wake of Didi
The regulations cast more uncertainty over the prospects for overseas initial public offerings that had proceeded virtually unchecked for two decades.
China unveils sweeping rules for foreign IPOs in wake of Didi
The regulations cast more uncertainty over the prospects for overseas initial public offerings that had proceeded virtually unchecked for two decades.
SoftBank slumps 9% after week of bad portfolio news
Shares fell to ¥5,057 — the biggest intraday drop since March 2020 and part of its worst annual decline since 2006.
With its exit, Didi sends a signal: China no longer needs Wall Street
With plenty of its own money and a greater desire to control the private sector, Beijing is pushing its companies to tap investors closer to home.
SoftBank to be ‘more cautious’ with investments in China, CEO says
The Japanese group’s stock came under pressure in recent weeks as a widening crackdown by Beijing regulators on China’s tech sector battered the value of some of its biggest holdings.
Does Didi's crash point to the future of U.S.-China financial frictions?
While the rivals are said by some to be in the midst of a "new Cold War," some financial businesses linking the two are thriving.
Regulators see the ride-hailing giant’s decision to go public despite pushback from the Cyberspace Administration of China as a challenge to Beijing’s authority.
Didi’s data wars will become the new normal
The real issue is more basic, however: It’s national security. Like all such services, Didi collects vast amounts of user location and trip route data for legitimate business purposes.
China tightens rules on foreign IPOs in new blow to tech firms
Companies holding data on more than 1 million users must now apply for cybersecurity approval when seeking listings in other nations.
It's a ‘golden age’ for Chinese brands bolstered by tech crackdown
From cosmetics to bubble tea, Chinese ventures making waves among a new generation of shoppers are becoming a magnet for funds hunting for their next big hit.
The crackdown shows how big data is quickly turning into the next major battleground in a clash of superpowers.
DiDi Mobility Japan Corp. began offering its taxi-hailing service, used via smartphones, in Aichi Prefecture on Wednesday. Aichi is the ninth area in Japan where the service, offered by the Tokyo-based joint venture between SoftBank Corp. and Chinese ride-hailing giant DiDi Chuxing, is available. The ...