The Latest Breaking News from Didi

In this article I will analyze and compare DiDi Global (DIDI) and Uber Technologies (UBER) to determine which ride-sharing stock is currently a better investment.

Despite increased regulatory pressure on Chinese tech stocks, the industry holds enormous long-term growth potential. In addition, Beijing's pledge to support the country’s economy by adopting favorable policies should further aid the sector’s performance. Therefore, Wall Street Analysts expect fundamentally sound Chinese tech stocks DiDi Global. (DIDI), GDS Holdings (GDS),…

China's Uber Technologies Inc (NYSE:UBER) counterpart DiDi Global Inc (NYSE:DIDI) looks to reduce its overall headcount by 20% as it pushes ahead with its Hong Kong listing, Bloomberg reports. Most of DiDi's core businesses will be affected by the cuts. DiDi aims to reduce expenses ahead of the Hong Kong listing. The report adds that…

Tencent Holdings Ltd (OTC:TCEHY) revealed not making any new investment in DiDi Global Inc (NYSE:DIDI) since it went public, Bloomberg reports. However, Didi's SEC filings disclosed an increased stake by Tencent.  Tencent's filings disclosed the addition of 1.8 million Didi shares to its last-known holdings.  Related Content: Why DiDi Global Shares Are Rising The company clarified that Tencent subscribed…

Four central government ministries issue guidance order to 11 internet giants including Alibaba, Tencent, Meituan and Didi

The biggest IPOS in U.S. history include a major chipmaker, a ride-hailing firm and a handful of global telecoms.