China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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166 articles matching the search query.
China Tech Selloff Resumes, Adding to Month of Huge Losses
Investors are reeling from drastic moves against the after-school tutoring sector, one in a series of government salvos.
WSJ News Exclusive | Didi Global Considers Going Private to Placate China and Compensate Investors
The ride-hailing giant has been in discussions about how it could resolve some of the problems that emerged after it listed on the NYSE on June 30, according to people familiar with the matter.
China Stocks Rally as Beijing Intensifies Effort to Calm Market
(Bloomberg) -- Stocks in China and Hong Kong jumped Thursday, after authorities intensified efforts to calm fears about a crackdown on the private education industry and as the central bank pumped liquidity into the financial system.The CSI 300 Index closed 1.9% higher, led by materials and industrial stocks. Hong Kong’s Hang Seng Index rallied 3.3%, as Meituan and Tencent Holdings Ltd. both climbed at least 9%. Technology shares extended gains after a report said China will continue to allow it
Beijing Gives Tech Investors a Brutal New Tutorial
Anyone who bought into Chinese internet stocks hoping for a bounce following the dramatic fall from grace of ride-hailing giant Didi has been taught another painful lesson this week.
Chinese Tech Stock Selloff Deepens
A selloff in Chinese technology stocks accelerated as investors unnerved by Beijing’s widening crackdown on internet companies and other industries sold down their holdings.
Invest in China, but Without Illusions
Tensions with the U.S. complicate matters, but China is such a vital part of global markets that its stocks and bonds belong in diversified portfolios.
Didi shares drop on report China is planning unprecedented penalties
Bloomberg News reported China is planning a slew of punishments against Didi, including a fine likely bigger than the record $2.8 billion that Alibaba paid.
Didi Chuxing Drives Deeper Into Consumer Finance
Ride-hailing giant has won regulatory approval for deal that will make it second-largest shareholder in Bank of Hanzhou venture
Opinion | The Crackdown in China Is a Hot Mess, and It’s Coming for Us
The stakes of the U.S.-China war over the future of the internet are escalating.
What China Expects From Businesses: Total Surrender
Unlike regulators in Europe and the U.S., Beijing is using the guise of antitrust to bring powerful tech companies into line with its priorities.
In the New China, Didi’s Data Becomes a Problem
China’s largest ride-hailing company collected personal data, traffic and mapping information—and that has put it on the radar of authorities.
Despite Didi, Alibaba's Ant Setbacks, Temasek Optimistic on China
Temasek Holdings Pte remains optimistic about prospects in China even after two of its major investments there were sideswiped by regulatory crackdowns.
Meituan makes the most of Didi woes with quiet relaunch of ride-hailing app
Meituan looks to take advantage of Didi’s regulatory woes by also including other small players in China’s ride-hailing market on its app.
WSJ News Exclusive | ByteDance Shelved IPO Intentions After Chinese Regulators Warned About Data Security
ByteDance put on hold indefinitely its intentions to list offshore earlier this year after Chinese officials told the company to focus on addressing data-security risks, people familiar with the matter said.
China Plans Security Checks for Tech Companies Listing Overseas
The proposed rules would close a gap that let the ride-hailing company Didi go public on Wall Street before assuring Beijing that its data was safe.
Beijing Blocks Merger, Tightens Data Rules as Post-Didi Crackdown Speeds Up
China moved toward requiring data-rich tech companies to undergo cybersecurity reviews ahead of any foreign listings and blocked a merger of the country’s two biggest game-streaming platforms.
Didi Tried Balancing Pressure From China and Investors. It Satisfied Neither.
The ride-sharing giant gave regulators in Beijing the impression it would pause the IPO. It told bankers in New York it had a green light. The resulting backlash has cast a fresh pall over China’s tech giants.
Didi Chuxing | South China Morning Post
Your source for credible news and authoritative insights from Hong Kong, China and the world.
WSJ News Exclusive | China’s Cyber Watchdog to Police Chinese Overseas Listings
A powerful agency that China’s President Xi Jinping set up during his first term to police the internet is taking on a new role: regulating U.S.-listed Chinese companies.
Didi’s Regulatory Troubles Might Just Be Getting Started
After Beijing removed it from app stores over data concerns, the newly listed ride-hailing platform could face further scrutiny in China — and in the United States.
