Just a few days after Chinese ride-hailing firm Didi Global went public in the U.S., China’s government announced a cybersecurity review of the company, CNBC reported. That sent Didi shares down 9% in early trading. The CNBC report said new users won’t be able to register for Didi’s ride hailing service until the review is completed. The move shows how Chinese government regulatory reviews...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
The Briefing Enterprise Startups
Meta’s M&A Ambitions Curtailed; Will Bret Taylor Be a Chip Off the Old Block?
Anyone working on mergers and acquisitions at Meta Platforms, formerly Facebook, might want to look for a new job. The British antitrust regulator’s decision to force Meta to divest Giphy, the tiny GIF search engine it acquired last year for $315 million, demonstrates that even small acquisitions are off limits to the tech giant. And while this was a decision in Britain, the Federal Trade...
China Will Ban Companies From Listing on Foreign Exchanges Using VIEs
SoftBank Invests $150 Million in South Korean Metaverse App
Allbirds’ Revenue Rose 33% in Q3
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Sequoia Capital’s Crypto Frenzy Intensifies With Three New Deals