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Didi closes up 1% in debut on New York Exchange

Didi closes up 1% in debut on New York exchange [SHINE]
Didi closes up 1% in debut on New York exchange [SHINE]
SHINE | 01-Jul-2021 | By Ding Yining

Ride-hailing giant Didi closed up 1 percent on its New York Stock Exchange debut on Wednesday as investors saw potential in autonomous driving and the economies of scale of mobility services. Didi raised US$4.4 billion after it put its price at the upper limit of the offering range of between US$13 and US$14 in one of this year’s largest IPOs, and became one of the 10 most valuable Chinese tech companies alongside Alibaba and Tencent. Continue reading “Didi closes up 1% in debut on New York Exchange”

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China’s Hainan sees surging offshore duty-free sales

China's Hainan sees surging offshore duty-free sales [Xinhua]
China’s Hainan sees surging offshore duty-free sales [Xinhua]
Xinhua | 30-Jun-2021

Customers choose products at a duty-free shopping mall in Haikou, south China’s Hainan Province, July 2, 2021. Official data shows that offshore duty-free sales in the province grew 226 percent between July 1, 2020 and June 30, 2021, reaching 46.8 billion yuan (about 7.2 billion U.S. dollars). Meanwhile, about 60.72 million items were sold to some 6.28 million customers. (Xinhua-Guo Cheng)