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China's Didi worth $68 billion after U.S. debut Reuters | Jun 30, 2021 08:31 PM EDT The logo for Chinese ride-hailing company Didi Global Inc is pictured during the IPO on the New York Stock Exchange (NYSE) floor in New York City, U.S (Photo : REUTERS/Brendan McDermid) Didi Global Inc shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014. The stock market debut vindicated Didi's decision to moderate its valuation expectations, after inves...

The Straits Times China's Didi valued at $107.6 billion in mega US IPO as shares soar SoftBank-backed Didi's stock opened at US$16.65, compared with the initial public offering price of US$14 per share.PHOTO: REUTERS PublishedJul 1, 2021, 7:46 am SGT https://str.sg/3o7M They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at...

The company dominates ride-hailing in China, where it has no competitors on its scale.

Total0 On December 14, China’s State Administration for Market Regulation made a penalty decision in accordance with Articles 48 and 49 of the Anti-Monopoly Law, and imposed punishments on Alibaba Investment Co., Ltd., China Literature (controlled by Tencent), and Shenzhen Fengchao Network Technology with administrative penalty of a fine of RMB500,000 each. Alibaba, Tencent, and China Reading Group all fell more than 2% in the afternoon. An investigation by the State Administration of Market Supervision revealed that the failure of the three companies to fulfill their obligation to declare...