Didi Shareholders Vote to Delist From NYSE Amid China's Tech Crackdown

China's largest ride-hailing company will no longer be listed on the world's largest stock exchange. Didi shareholders voted on Monday to delist from the New York Stock Exchange, less than a year after launching a $4.4 billion IPO with the most significant U.S. share offering by a Chinese company since Alibaba debuted in 2014. Since going public in June of last year, around $70 billion has been wiped from Didi's market value and shares of the company have dropped nearly 90%. Now, Didi is expected to begin preparations to list in Hong Kong. Kevin T. Carter, founder and Chief Investment Officer of EMQQ Global, joins Cheddar News' Closing Bell to discuss.

Jun 17, 2022

More Videos

After Israel’s Attack on Iran, It’s Good Time to Invest Internationally

We may not be headed for a 2008-esque disaster, but increased geopolitical tension paired with the end of the tech boom means volatility could stick around.

Bitcoin Halving Is Today: Here’s What that Means

Bitcoin halving typically raises the value of the cryptocurrency – and it could be an ‘exemplary’ hedge against inflation.

Why Aren’t There More IPOs? Blame Fed Chair Powell (And Those Rates)

After the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.

With An Increasing Demand In Mental Health Services, This CEO Wants To Use Tech To Change the Therapy Game

With an increasing demand for mental health services, one person wanted to change the therapy game. In 2017, CEO Alex Katz founded Two Chairs, a company that uses technology to match patients with the right therapist.

You Can Actually Lose Money on Real Estate (Even in This Market)

Not only is April Financial Literacy Month, it’s also the kickoff of the spring homebuying season. So now is the time to make sure you have a financial plan in place – and why it might not be wise for that to include buying your first home.

This Region Has the U.S. Beat When it Comes to Fighting Inflation

While the U.S. may slowly be on the path to lowering inflation (and therefore interest rates), Europe has thoroughly trounced America, putting it on the path to lower rates by this summer.

Housing Market Reports Are Here: April Insights and Economic Impact

April's release of the monthly Housing Starts and Building Permits reports by the Census Bureau provides crucial insights into the construction activity in the housing market. These reports are an economic indicator, shedding light on the current state of the housing market and its broader economic impact.

Caitlin Clark Will Make a Lot More Than Her WNBA Base Salary – Here's How

Caitlin Clark is heading to the Indiana Fever, the number one draft pick and the highest-scoring college basketball player of all time. And while she may not be getting millions from the WNBA, there's a few ways she'll net compensation for her generational talents.

Trending Now