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Didi Plans 2024 Hong Kong Listing in Comeback Bid, Sources Say

(Bloomberg) China’s biggest ride-hailing company, Didi Global Inc., aims to list shares on the Hong Kong stock exchange next year, plotting a comeback from an ill-fated initial public offering in New York in 2021, according to people familiar with the matter.Most Read from BloombergIsrael Latest: UN Staff Given Evacuation Order for Northern GazaTop House Republican Wants Help From Democrats to Pick a SpeakerScalise Ends House Speaker Bid, Deepening Republican TurmoilIsrael Latest: Hamas Leade ....

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China's Didi plans 2024 Hong Kong listing

Didi did not immediately respond to a request for comment from Reuters. The company delisted from the New York Stock Exchange in 2022 after it ran afoul of Chinese regulators by pushing ahead with a $4.4 billion listing in the U.S in July 2021. The Cyberspace Administration of China (CAC) launched an investigation into Didi just days after the firm made its debut in New York, citing a need to protect national security and the public interest. ....

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Didi's autonomous vehicle arm raises $149M from state investors

When Didi created an autonomous vehicle subsidiary in 2020, the venture was seen as a Chinese counterpart to Uber's AV unit. Didi's AV unit remained in the shadow during Beijing's data security probe into its parent firm, but it has finally weathered the storm, now freshly pumped with financing. Previously backed by SoftBank, Didi Autonomous Driving announced today that it will receive up to $149 million in funding from two investors affiliated with the municipal government of Guangzhou, a southern Chinese metropolis: GAC Group’s wholly-owned subsidiary GAC Capital and Guangzhou Development District Investment Group. ....

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