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...Chuxing in 2021....
...But Didi’s name has yet to appear in MIIT’s monthly list of new approvals....
...A period of intense regulatory scrutiny began two years ago, with ride-hailing group Didi Chuxing’s botched initial public offering....
...Didi Chuxing is braced for further punishment from Chinese regulators after the ride-hailing giant became a high-profile target of Beijing’s crackdown on the country’s tech giants....
...Didi shares have gained about 40 per cent in the over-the-counter market from there May low. But a market value of about $17bn is a fraction of what Didi was worth in 2021....
...Didi shares have gained about 40 per cent in the over-the-counter market from their May low. But a market value of about $17bn is a fraction of what Didi was worth in 2021....
...Together, Xpeng and Didi could hasten their arrival....
...This article has been corrected to clarify that the unit sold by Didi is its internal smart EV business and not the Didi Autonomous Driving unit it spun off in 2019....
...Chinese listings on Wall Street, which raised $12.4bn in the first half of last year, were effectively shuttered in July 2021, when regulators in Beijing targeted ride-hailing app Didi Chuxing over cyber...
...On Shleifer’s watch, the private equity unit earned large windfalls from early bets on Chinese ecommerce groups JD.com and Meituan, and ride- hailing app Didi Chuxing....
...Meituan relaunched its standalone ride-hailing app while T3 Chuxing, backed by state-owned automakers, slashed prices to lure customers....
...“Didi has no reason to be worried,” said Li Chengdong, head of internet think-tank Haitun....
...Didi’s retrenchment has opened up competition for new players, including Cao Cao Mobility and T3 Chuxing, to fill its place....
...“With the approval of the internet Security Review Office, new user registration on ‘Didi Chuxing’ will resume immediately,” the company said....
...The steady business provided by those ties has dried up in recent years as regulatory scrutiny of the sector ramped up shortly after ride-hailing group Didi Chuxing’s botched New York listing, on which China...
...Chuxing brought an abrupt end to the trend in 2021....
...That all changed when ride-hailing group Didi Chuxing pushed ahead with a New York share sale in June 2021 despite Chinese regulators’ national security concerns....
...But even presidents-for-life have to contend with economic reality when that reality starts to bite, as evidenced by the end of Didi Chuxing’s year-long purgatory....
...Chinese regulators on Thursday announced an Rmb8bn ($1.18bn) fine against ride-hailing group Didi Chuxing and hit its founders with additional penalties over “serious” and “vile” breaches of data security...
...China has fined ride-hailing group Didi Chuxing Rmb8bn ($1.18bn) and hit its founders with additional penalties over “serious” and “vile” breaches of the country’s data security laws....
...It cracked down on ride-sharing group Didi Chuxing and others, launching cyber security investigations....
...The moves came after reports that Chinese regulators were concluding their investigation into the country’s largest ride-hailing app Didi Chuxing and planning to lift a ban on new users, sending its New...
...Didi Chuxing’s founders Cheng Wei and Jean Liu, who have retreated from the limelight, hope exiting the US market will spur Beijing to wrap up the regulatory probe....
...The Wall Street Journal reported that Didi’s apps would be allowed back into app stores as early as this week. Didi, Full Truck and Kanzhun did not immediately respond to requests for comment....
...The US Securities and Exchange Commission is investigating Chinese ride-hailing giant Didi Chuxing’s botched New York initial public offering, adding to the company’s regulatory woes after Beijing launched...
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