Next stop for Geely-backed CaoCao: a Hong Kong IPO
The ride-sharing company has built partnerships with third-party platforms to mount a concerted challenge to the market leader, but the strategy carries risks Key Takeaways: CaoCao Inc.’s revenues have grown…
Clash of the Car-hailing Titans: Dida Seeks IPO Funds as Battle Looms
The Chinese rideshare platform has filed to list on the Hong Kong Stock Exchange for a third time, as rivalry in the shared transport business heats up again Key Takeaways:…
Didi Slapped With Hefty $1.2 Billion Fine. How Was the Amount Determined?
The Chinese government announced an enormous fine of $1.2 billion on Didi but did not explain the methodologies behind the calculation Key Takeaways: China’s cybersecurity regulator imposed a big fine…
With DiDi Reprieve, Is China Taking the Handbrake off the Tech Sector?
Chinese regulators are reportedly poised to end a year-long cybersecurity probe into DiDi Global, allowing the ride-hailing giant to restore its apps and register new users Key takeaways: Along with…
TuSimple Looks to Decouple From China. Others to Follow?
Autonomous truck technology company is reportedly looking to sell its China business for about $1 billion Key Takeaways: Autonomous truck company TuSimple is reportedly looking to spin off its China…
Hello Bike Back in Fundraising Fast Lane After Failed IPO Attempt
Shared bike operator raises $280 million from Alibaba and CATL, as it moves focus to becoming electric vehicle specialist Key points: Hello Inc. has raised a fresh $280 million from…
Full Truck Alliance Moves Back Into Fast Lane With Strong Government Support
Company’s shares surge 15% on Tuesday after separate media reports signal strong regulatory backing at the national and provincial levels Summary Full Truck Alliance’s shares surged after separate media reports…
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