Didi app will to be restored in China
$DiDi Global (Delisted)(DIDI.US$
Chinese regulators are concluding probes into ride-hailing giant Didi Global Inc and two other firms and are preparing to allow their apps back on domestic app stores as early as this week.
Is it the latest signal to investors? Official promises to ease pressure on China's internet sector may be gaining traction.
Didi's U.S. shares jumped 50% to $2.78 in pre-market trade as short sellers bailed out while Hong Kong's Hang Seng tech index (.HSTECH) surged and closed 4.6% higher.
Chinese regulators are concluding probes into ride-hailing giant Didi Global Inc and two other firms and are preparing to allow their apps back on domestic app stores as early as this week.
Is it the latest signal to investors? Official promises to ease pressure on China's internet sector may be gaining traction.
Didi's U.S. shares jumped 50% to $2.78 in pre-market trade as short sellers bailed out while Hong Kong's Hang Seng tech index (.HSTECH) surged and closed 4.6% higher.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment