A central government inspection team began an onsite investigation of Didi Global, the Chinese ride hailing company under review for violation of cybersecurity laws just days after it raised $4.4 billion in a New York initial public offering. According to an official announcement, officials from China’s internet regulator will work along with the ministries of national and public security,...
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The Briefing Asia Markets
Covid’s Tech Stars Twinkle Again—at Least Today
Life in our pandemic-dominated world increasingly feels like one of those scary TV series where just when you think the monster has been vanquished, you realize it’s still alive. Today’s big market sell-off on news of the new Covid-19 variant in South Africa—dubbed Omicron by the World Health Organization—is a good reminder of how vulnerable the market is to another flareup of the virus....
Tech Stocks Fall as New Covid Variant Leads to Market Sell-Off
Quarterly Results From Meituan and Pinduoduo Highlight Challenges for China Tech
China’s Government Asks Didi Global to Devise Plan to Delist From U.S.
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