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China tech crackdown wipes out billions from Didi, other U.S.-listed firms

China tech crackdown wipes out billions from Didi, other U.S.-listed firms
The ride-hailing giant's app was ordered to be removed from mobile app stores in China on Sunday.
Hong Kong-Shenzhen, July 6, 2021 – Didi Global Inc shares slumped as much as 25% in U.S. pre-market trade on Tuesday, ahead of its first session since Chinese regulators ordered the company's app be taken down days after its $4.4 billion listing on the New York Stock Exchange.
The ride-hailing giant's app was ordered to be removed from mobile app stores in China on Sunday by the Cyberspace Administration of China (CAC) which followed an official investigation into the company's handling of customer data.

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Didi shares slump as much as 25% as China crackdown dents sentiment

Didi shares slump as much as 25% as China crackdown dents sentiment
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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China tech crackdown wipes out billions from Didi, other U.S.-listed firms

China tech crackdown wipes out billions from Didi, other U.S.-listed firms
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

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China tech crackdown wipes out billions from Didi, other US-listed cos

China tech crackdown wipes out billions from Didi, other US-listed cos
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.

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China tech crackdown wipes out billions from Didi

China tech crackdown wipes out billions from Didi
koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.

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China tech crackdown wipes out billions from Didi, other US-listed firms | Money

China tech crackdown wipes out billions from Didi, other US-listed firms | Money
malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.

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Didi shares plunge amid China tech crackdown

Didi shares plunge amid China tech crackdown
bbc.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bbc.co.uk Daily Mail and Mail on Sunday newspapers.

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Didi shares plunge amid China tech crackdown

Didi shares plunge amid China tech crackdown
bbc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bbc.com Daily Mail and Mail on Sunday newspapers.

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Kuaishou Cofounders Suffer $3 Billion Wealth Wipeout Amid Surging Costs And Widening Losses

Kuaishou Cofounders Suffer $3 Billion Wealth Wipeout Amid Surging Costs And Widening Losses
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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SoftBank shares slide after US$23 billion buyback scheme not extended

SoftBank shares slide after US$23 billion buyback scheme not extended
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SoftBank shares slide after US$23 billion buyback scheme not extended
SoftBank Group Corp shares slid 6per cent in early trading on Thursday after the conglomerate declined to extend its buyback programme, removing support for the stock as concern over frothy portfolio valuations outweighed record earnings.
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato
13 May 2021 08:35AM
(Updated:
13 May 2021 10:45AM)
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TOKYO: SoftBank Group Corp shares tumbled 8per cent in morning trade on Thursday after the conglomerate did not extend its buyback programme, removing support for the stock as concern over frothy portfolio valuations outweighed record earnings.

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