Didi’s shares slid 7% in extended trading, deepening an 85% loss since its initial public offering in the summer of last year. The Chinese company said it’s cooperating with the probe, without providing further details.
U.S. lawmakers had called last year for an investigation into Didi’s controversial IPO — the biggest by a Chinese firm since Alibaba Group Holding Ltd. China’s cybersecurity watchdog stunned investors by announcing its investigation into Didiafter the listing, suspending the internet giant’s main apps from domestic stores.
“After our initial public offering in the United States, the SEC contacted us and made inquiries in relation to the offering,” the filing read. “We are cooperating with the investigation, subject to strict compliance with applicable PRC laws and regulations. We cannot predict the timing, outcome or consequences of such an investigation.
The company has been in talks with the Cyberspace Administration of China about a fine and other penalties, Bloomberg News has reported. But central government officials told the CAC they’re not satisfied with the proposed punishments and asked for revisions, people familiar with the matter have said.
I'm really grateful for all the efforts you have render to me with my little investment of R10,000 and with joy over me after withdrawing R100,000 with your help Williamchurch07 thank you for everything you have done for me and my family Williamchurch07
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global stocks rise as central banks go about raising ratesOn Monday, Wall Street closed a seesaw session higher as investors bought into tech stocks in the last hour of trading I'm really grateful for all the efforts you have render to me with my little investment of R10,000 and with joy over me after withdrawing R100,000 with your help Williamchurch07 thank you for everything you have done for me and my family Williamchurch07 I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to __ambreymarcus1, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful __ambreymarcus1 thank you.
Source: BDliveSA - 🏆 12. / 63 Read more »
JSE looks set for positive session on Tuesday amid global market recoveryGlobal markets staged a recovery on Monday from a steep sell-off on Friday I can't believe this I'm sure you have seen post about JonathanHele helping people, I gave her a try and I can boldly stand and tell everyone she is legit and real...
Source: BDliveSA - 🏆 12. / 63 Read more »