Tag: Didi
Sequoia spins off China business
Bytedance headquarters in Beijing In China, Sequoia had financed the Tiktok parent company with venture capital. (Photo: AP) Dusseldorf Venture capitalist Sequoia plans to split up its business. The reason…
Chinese institutes and companies at the top
In October, China’s head of state and party leader Xi Jinping announced at the grand congress of the Communist Party: “China has joined the ranks of the world’s innovators.” It…
Missing banker stokes concerns over political campaign against financial industry
>>iOS With such incidents, it is always difficult to say whether it is just an isolated case or part of a larger campaign, says China expert Jacob Gunther from the…
China’s economy fears Xi Jinping’s stranglehold
Beijing Where is China’s head of state and party leader Xi Jinping steering the world’s second largest economy? This question is not only being asked by the global political elite…
All-clear for US shares from Alibaba, Baidu, Tencent and Co.
Alibaba Group Around 200 Chinese companies are threatened with delisting from US stock exchanges. With an agreement between the USA and China, a solution is now in sight. (Photo: Reuters)…
Tech investor with a loss of 23 billion euros
Masayoshi Son Softbank founder Masayoshi Son has promised to invest more selectively and hold more money in the future. (Photo: Reuters) Tokyo So far, Masayoshi Son has exuded optimism even…
Tech investor with a loss of 23 billion euros
Masayoshi Son Softbank founder Masayoshi Son has promised to invest more selectively and hold more money in the future. (Photo: Reuters) Tokyo The crisis in technology stocks with a collapse…
Tech group Didi has to pay billions in fines
Didi at the New York Evil The travel agent will now withdraw from Wall Street. (Photo: Reuters) Beijing The Chinese travel agency Didi has to pay the equivalent of 1.2…
China imposes billions in fines on transport agent Didi
didi Since the Chinese investigations began in July last year, the app has not been found in digital software shops in China. (Photo: Reuters) new York In the dispute with…
Wall Street closes in positive territory – China stocks in demand
Wall Street The stock markets in New York are positive in the new week. (Photo: AP) Frankfurt The US stock exchanges started the stock market week with fresh momentum on…
Investors vote to withdraw from Wall Street
Didi logo After going public on Wall Street, the company came under pressure. (Photo: imago images/Imaginechina-Tuchong) Beijing The shareholders of the Chinese taxi broker Didi are expected to seal the…
Japan’s technology investor is deep in the red
Tokyo Investors appeared to have anticipated Softbank’s record loss on Thursday. The share price of the world’s largest technology investor fell by eight percent by the time the Tokyo stock…
What makes Chinese stocks so risky
Dusseldorf It’s quite an achievement to wipe out more than $60 billion in market valuation in ten months. Several actors have to work hard together or against each other. At…
Alibaba, Baidu, Didi, Tencent: regulations affect tech companies
Beijing The Chinese Internet group Tencent has recently grown more slowly than it has since going public in 2004. The figures for the fourth quarter, which Tencent presented on Wednesday,…
China’s tech companies are stuck in a sanctions dilemma in Russia
Asia Technonomics In the weekly column we take turns writing about innovation and economic trends in Asia. (Photo: Klawe Rzeczy) The Chinese online retailer Alibaba had actually planned an IPO…
Apple, Microsoft & Alphabet ahead of Europe
Apple CEO Tim Cook (from left), Microsoft CEO Satya Nadella, Alphabet boss Sundar Pichai The three most valuable corporations are in the USA. Credits: REUTERS, AFP, BrauerPhotos / J.Reetz Dusseldorf…
Investors are now betting on big India business
Bangkok, New York At his first meeting with Softbank boss Masayoshi Son, India’s Prime Minister Narendra Modi didn’t know what to expect: “He didn’t know me well then,” recalls the…
Chinese tech stocks: 2022 will be different
Ironically, the country that wants to become the world’s number one in terms of digital innovations is regulating its large tech companies more and more, making them smaller – and…
Softbank COO calls for $ 2 billion in compensation
Marcelo Claure The Softbank COO is said to have threatened to resign in the dispute over his remuneration. (Photo: Getty Images) Tokyo, Düsseldorf Marcelo Claure is considered to be the…
Love of one’s homeland becomes a national duty
Home is not a place, but a feeling, sang rock legend Herbert Grönemeyer in the late 1990s. At the time, that was also in line with the spirit of the…