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By Xie Yu HONG KONG (Reuters) - More debt defaults are likely to emerge in China's property sector as troubled developers struggle with a weak home sa...
(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
Didi Global, China's largest ride-hailing company, is planning to list shares on the Hong Kong stock exchange next year, following its troubled IPO in New York in 2021. The company has improved its relationship with Chinese regulators after a probe that resulted in a fine of $1.1 billion last year. Didi's market share in China has declined from 90% to around 70%.
Dalian Wanda Group has started negotiations on a proposal that would allow the conglomerate to avoid repaying about 30 billion yuan ($4.1 billion) to investors if its shopping mall business fails to complete its IPO this year, according to people familiar with the matter.