News

Didi delisting reflects Chinese worry over losing big data to US

Chinese President Xi Jinping keeps tight controls on tech companies ahead of party congress.

3 mins read

One major telecom firm, Globe Telecom, has blocked over 1 billion text messages since January.
News
What’s behind the incessant SMS spam in the Philippines?
3 mins read
The latest investment brings Via’s valuation to USD 3.3 billion.
News
Israeli-founded transport startup Via raises USD 130 million
2 mins read
The company was penalized 20 times, with the total reaching RMB 9 million (USD 1.41 million) for the year to date.
News
Douban repeatedly slapped with fines for failing to censor content
2 mins read
India’s quick commerce sector is set to reach USD 300 million by the end of 2021 and hit USD 5 billion by 2025.
News
Swiggy to invest USD 700 million in express grocery delivery service as quick commerce competition intensifies
3 mins read
Stricter rules for tech firms listed outside mainland China are on the way.
News
What are VIEs and why are they important for Chinese tech companies?
3 mins read
Leading ride-hailer to make dramatic retreat after USD 4.4 billion June IPO.
News
China’s Didi Global to delist from New York in favor of Hong Kong
1 min read
The company raised USD 4.5 billion in gross proceeds for the largest US market debut by a Southeast Asian company.
News
Grab debuts on Nasdaq, rings opening bell in Singapore
2 mins read
The tie-up will enable Uber to leverage Meta-owned WhatsApp’s massive 500-million userbase in the South Asian nation.
News
Uber partners with Meta to roll out cab-booking service on WhatsApp in India
2 mins read