Didi Gets Slammed
The shares of Didi Global last traded at about $12, well below their initial price of $16.65 on June 30 - a fall in market capitalisation of about $19 billion.
Related reading
The Consumer-Replacement Experiment
There is a foundational error running through European economic policy — one so deeply embedded that it has become invisible to the people making it.
Party Over Profits
Since taking office in 2012, Xi Jinping has prioritized ideological purity, national security, and Communist Party dominance. Additionally, he has insisted on tighter government regulation of the economy.
Futu And Tiger Brokers Under Pressure
Futu Holding and UP Fintech Holding (the company behind Tiger Brokers), both U.S.-listed Chinese online brokerages, face regulatory concerns when China's new personal data privacy law takes effect on November 1, according to an analysis on the People's Daily website.
Invest In China? Today?
The Chinese Government has taken extraordinary measures to keep its tech giants in check. It started with Alibaba and Jack Ma and has now expanded to Tencent, DiDi, Meituan and many other tech leaders.