DIDI Stock Recent News
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Chinese automaker FAW Group is considering acquiring a significant stake in ride-hailing giant Didi Global Inc, Bloomberg News reported on Friday, citing sources.
With large losses, Covid restrictions and an impending delisting from the New York Stock Exchange, the future looks bleak for DIDI stock. The post Avoid DiDi Global as It Faces 3 Existential Problems appeared first on InvestorPlace.
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Didi Global may have ensured its survival after winning shareholders' nod for a U.S. stock delisting but a quick return to growth won't be easy for the Chinese ride-hailer as it still faces regulatory scrutiny and as COVID-19 has hurt the business.
Are these penny stocks on your list right now? The post 3 Penny Stocks Worth Watching This Week appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
DiDi still has majority share of the ride-hailing market in China but trades currently with a negative enterprise value whilst having other monetizable investments. DiDi's 7.5% stake in Grab could be sold after the 30 May lock-up expiry to further boost its net cash position.
Shareholders in Chinese ride-hailing app Didi Global have voted to delist the company from the New York Stock Exchange (NYSE), the company announced in a Monday (May 23) press release. The shareholder vote to delist was a move inspired at least in part by a Chinese government review of certain data-handling procedures.
Today, investors in DIDI stock have yet another negative catalyst to jump on, with the company now moving forward with plans to delist. The post Dear DIDI Stock Fans, Mark Your Calendars for June 2 appeared first on InvestorPlace.
Didi, whose biggest shareholders include SoftBank, Tencent Holdings and Uber, raised $4.4 billion during its initial public offering in June 2021.
DiDi Global Inc. (NYSE: DIDI) announced it notified the NYSE of the company's to proceed with the delisting of the company's ADSs from the NYSE. These are the details.