NYSE:DIDI - New York Stock Exchange, Inc. - US23292E1082 - ADR
China spent the better part of two years reining in the country’s most powerful private technology companies, including Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Didi Global Inc., along with their ultra-rich founders.
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Key Takeaways:
A flurry of news rolled out Monday from EV makers in Asia's growing market for electric vehicles. VinFast stock surged to a post-IPO high.
China spent the better part of two years reining in the country’s most powerful private technology companies, including Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Didi Global Inc., along with their ultra-rich founders. Now President Xi Jinping’s government has sent its clearest signals yet that it’s ready to lift the restrictions, with caveats, unshackling a trillion-dollar sector to again help drive the world’s No. 2 economy, just when it’s most needed.
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Didi Global Inc. has secured the green light to resume signing up new users, suggesting the worst is over for a ride-hailing giant that symbolized Beijing’s bruising campaign to rein in its powerful internet industry.
China is expected to fine Didi Global Inc. more than $1 billion before wrapping up a year-long probe into the ride-hailing giant, the Wall Street Journal reported, citing people familiar with the issue as saying.
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BABA stock turned negative after a regulator denied that Beijing was moving towards allowing an IPO by the company's subsidiary to occur.
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China stocks in the internet sector, led by Alibaba and Tencent, are having heir best day since mid-March on signs regulations are easing.
The electric vehicle is winning the race to unseat the internal combustion engine, and these EV stocks have the analysts' attention.
US-listed China stocks surged Monday to the highest since early April on increased speculation that a year-long government crackdown on the technology industry is easing.
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Didi Global shares are soaring after regulators finally end security probe. Here are three ways to profit from a recovery in Chinese stocks.