Social media giant Weibo has made its Hong Kong stock market debut as Chinese technology firms come under intense pressure at home and abroad. Weibo’s shares fell by more than 6% in the first few minutes of trading. The firm joins other major Chinese technology companies, including Alibaba and JD.com, which are listed in both […]
Monthly Archives: December 2021
Uber to pay $9m in sex-assault report settlement
Uber is to pay $9m (£6.8m) to settle a complaint over its sexual-assault and harassment reporting in California. The California Public Utilities Commission (CPUC) had told Uber to hand over information about assault and harassments – but it did not do so. At the time, Uber had argued it would be a “shocking violation of […]
China app giant Didi plans US stock market exit in move to Hong Kong
Chinese ride-hailing giant Didi Global has announced plans to take its shares off the New York Stock Exchange (NYSE) and move its listing to Hong Kong. The firm has come under intense pressure since its US debut in July. Within days of the initial public offering (IPO) Beijing announced a crackdown on technology companies listing […]
China app giant Didi plans US stock market exit in move to Hong Kong
Chinese ride-hailing giant Didi Global has announced plans to take its shares off the New York Stock Exchange (NYSE) and move its listing to Hong Kong. The firm has come under intense pressure since its US debut in July. Within days of the initial public offering (IPO) Beijing announced a crackdown on technology companies listing […]
Facebook uncovers Chinese network behind fake expert
Facebook owner Meta Platforms has removed more than 500 accounts linked to an online disinformation network primarily based in China. The accounts had promoted the claims of a fake Swiss biologist called “Wilson Edwards”, who alleged the US was meddling in efforts to find the origins of Covid-19. Edwards’ comments had been widely carried by […]