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May 23, 2022

Didi Global Inc

For the first time, Japan’s SoftBank could spend more on share buybacks than new investments: CLSA

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CNBC – For more and to sign up click here During a recent earnings presentation, SoftBank Founder Masayoshi Son (pictured here in 2019) said the company will go into “defense” mode as a result of myriad headwinds that have roiled global markets. Tomohiro Ohsumi | Getty Images Japanese conglomerate SoftBank......

Uber reports surging revenue as drivers return, but posts massive loss on investments

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CNBC – For more and to sign up click here Uber on Wednesday reported surging revenue during the first quarter as the rideshare company said it’s recovering from its coronavirus lows and wouldn’t have to put up “significant” investments to keep drivers on the platform. But it also reported a......

China says it will support Chinese IPOs abroad, calls for closure on tech crackdown

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CNBC – For more and to sign up click here Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters BEIJING — China signaled support for Chinese stocks......

Didi’s 44% stock plunge leaves SoftBank and Uber with diminishing returns

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CNBC – For more and to sign up click here Cheng Wei, chairman and chief executive officer of Beijing Xiaoju Keji Didi Dache Co., pauses at the Boao Forum For Asia Annual Conference in Boao, China, on Wednesday, March 23, 2016. The annual event sees business and political leaders come......

Stocks making the biggest moves midday: Meta, Rivian, Oracle, DocuSign and more

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CNBC – For more and to sign up click here A sign of Meta, the new name for the company formerly known as Facebook, is seen at its headquarters in Menlo Park, California, October 28, 2021. Carlos Barria | Reuters Check out the companies making headlines in midday trading Friday.......

As U.S. and European businesses cut ties with Russia, Chinese tech firms remain silent

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CNBC – For more and to sign up click here Pictured in this image is a video screen in Russian President Putin’s office in the Novo-Ogaryovo residence showing China’s President Xi Jinping, during a bilateral meeting via a video call. Mikhail Metzel | Tass | Getty Images American and European......

Some U.S.-listed Chinese stocks will need Beijing’s approval to stay public in other overseas markets

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CNBC – For more and to sign up click here An investor sits in front of a board showing stock information at a brokerage office in Beijing, China. Thomas Peter | Reuters BEIJING — If U.S. regulation forces Chinese companies to delist from New York, new rules from Beijing further......

Are tech giants ‘sunsetting’? Strategists warn of big tech under pressure

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CNBC – For more and to sign up click here Volkan Furuncu | Anadolu Agency | Getty Images Investors looking to put money into U.S. and China internet giants should be cautious as these companies are facing a myriad of challenges, strategists told CNBC. Investment bank Macquarie said large consumer......

Tencent increases stake in Chinese ride-hailing giant Didi but shares drop after initial pop

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CNBC – For more and to sign up click here Budrul Chukrut | LightRocket | Getty Images Chinese internet giant Tencent has increased its stake in ride-hailing firm Didi, sending the shares of the U.S.-listed company up more than 8% on Wednesday. However, shares of Didi were down around 5%......

Economists say the worst of China’s regulatory crackdown is over

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CNBC – For more and to sign up click here Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters BEIJING — The worst of China’s regulatory crackdown......

China’s new rules on overseas IPOs will apply to Hong Kong, securities regulator says

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CNBC – For more and to sign up click here People wear protective masks as they stand outside of the China Securities Regulatory Commission (CSRC) in the Financial Street on April 17, 2020 in Beijing, Emmanuel Wong | Getty Images News | Getty Images BEIJING — China’s forthcoming rules on......

Crackdown on Chinese IPOs in the U.S. could make investors think twice about betting on tech

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CNBC – For more and to sign up click here Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters BEIJING — Investors may have to think twice......

China to make some firms undergo a data security review before listing overseas

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CNBC – For more and to sign up click here China’s cybersecurity review rules will come into effect on Feb. 15 and will require some companies to seek approval from regulators before listing overseas. Bill Hinton Photography | Moment Open | Getty Images From next month, China will require some......

Stocks making the biggest moves midday: Pfizer, Peloton, Carnival and more

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CNBC – For more and to sign up click here Paxlovid, a Pfizer’s coronavirus disease (COVID-19) pill, is seen manufactured in Ascoli, Italy, in this undated handout photo obtained by Reuters on November 16, 2021. Pfizer | Handout | via Reuters Check out the companies making headlines in midday trading.......

Stocks making the biggest moves midday: GoDaddy, Boeing, Moderna and more

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CNBC – For more and to sign up click here GoDaddy logo SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. GoDaddy — The web hosting company saw its shares jump nearly 9.2% following a Wall Street Journal report that activist investor Starboard Value......

Stocks making the biggest moves premarket: GoDaddy, Apple, Cigna and others

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CNBC – For more and to sign up click here Check out the companies making headlines before the bell: Airline stocks – The major carriers saw their shares fall in the premarket after a surge in weekend cancellations due to staffing issues. United Airlines (UAL) slid 1.8%, American Airlines (AAL)......

China is clarifying rules for overseas IPOs. Here’s what we still don’t know.

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CNBC – For more and to sign up click here Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters BEIJING — Half a year since the rush......

The biggest bear on tech IPOs has no regrets about his bad calls: ‘Crazy stuff happens’

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CNBC – For more and to sign up click here New Constructs CEO David Trainer New Constructs Just before Sweetgreen held its IPO last month, research firm New Constructs came out with a particularly gloomy price target on the salad restaurant chain: $0. The offer price was $28. A week......

Didi is delisting in New York. Here’s what happens if you own a delisted stock

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021. Brendan McDermid | Reuters BEIJING — For Americans looking to play the China growth story, Didi‘s delisting from the U.S. shows......

China stocks face delisting risks in the U.S. — investors should hedge their bets, Credit Suisse says

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CNBC – For more and to sign up click here As regulatory risks rise in China, investors should reduce their exposure to Chinese stocks listed in the U.S., according to Jack Siu, chief investment officer for Greater China at Credit Suisse. “The uncertainties to … regulatory related events are presenting......

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