Lingxing drives into congested Hong Kong ride-hailing IPO lane
The state-backed mobility platform has national scale and a rare profit, but its razor-thin margins and heavy reliance on aggregators could scare off some investors Key Takeaways: Lingxing Technology has…
Dida’s carpool ride-sharing model runs low on fuel
The company’s revenue fell about 44% in the second half of last year, accelerating from a 29% drop in the first half Key Takeaways: Dida’s revenue tumbled by nearly half…
Dida reverses into revenue contraction, falling profits
The carpooling services provider’s revenue began to decline in the second half of last year, as it cited changing ‘travel consumption trends’ Key Takeaways: Dida’s revenue fell 8.6% in the…
BRIEF: Dida changes auditor from Deloitte to local Hong Kong company
Ride sharing company Dida Inc. (2559.HK) said on Monday it has changed its auditor from global firm Deloitte to the locally based RSM Hong Kong. Following the switch, RSM will…
Chenqi bets big on robotaxis in Hong Kong IPO
The ride-sharing company’s listing could raise up to $167 million as its shares get set to debut next Wednesday Key Takeaways: Shares of Chenqi will make their trading debut next…
Dida wins ride-sharing race to market, but could stay stuck in first gear
The company’s Hong Kong listing application was finally approved on its fifth attempt, paving the way for its IPO Key Takeaways: Dida has been approved to list in Hong Kong,…
DiDi drives back into growth lane, as aggregators encroach on its turf
The company often called the ‘Uber of China’ reported a fifth consecutive quarter of double-digit revenue growth, as it reportedly eyes a listing in Hong Kong Key Takeaways: DiDi Global's…
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