Wednesday, December 29, 2021 13:48:19 UTC
Alibaba may sell its 30% share in social media ad provider Weibo to state-owned Shanghai Media. Alibaba down 1% in premarket trading, while Weibo was down 0.3%.
Alibaba's first public offering (IPO) on the New York Stock Exchange raised $25 billion on September 19, 2014, giving the business a market value of $231 billion and making it the largest IPO in global history at the time.(More)
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Monday, December 27, 2021 12:30:05 UTC
Didi Chuxing has prevented current and former employees from selling shares in the company indefinitely, inflicting a new blow on the Chinese ride-hailing company.
This occurs on the heels of the company, which has been the subject of intense regulatory scrutiny since its IPO in New York, continues to lose value dramatically.
Didi Chuxing Technology Co., based in Beijing, is a Chinese ride-hailing company with over 550 million users and tens of millions of drivers.
According to those acquainted with the situation, the 180-day period during which current and former employees were not able to sell shares was intended to conclude on December 27, but the embargo has been prolonged without a new end date being specified.(More)
DIDI BLOCKS STAFF FROM SELLING SHARES
Monday, December 27, 2021 12:30:05 UTC
Didi Chuxing has prevented current and former employees from selling shares in the company indefinitely, inflicting a new blow on the Chinese ride-hailing company.
This occurs on the heels of the company, which has been the subject of intense regulatory scrutiny since its IPO in New York, continues to lose value dramatically.
Didi Chuxing Technology Co., based in Beijing, is a Chinese ride-hailing company with over 550 million users and tens of millions of drivers.
According to those acquainted with the situation, the 180-day period during which current and former employees were not able to sell shares was intended to conclude on December 27, but the embargo has been prolonged without a new end date being specified.