After Didi, China launches cybersecurity probe into more U.S.-listed firms
China's cyberspace watchdog said on Monday it is investigating online recruiter Zhipin.com, and truck-hailing apps Huochebang and Yunmanman, ramping up a crackdown on the mainland's tech companies amid tightened regulations on data security.
The announcement comes a day after the Cyberspace Administration of China (CAC) ordered a suspension of app downloads for Chinese ride-hailing giant Didi Global Inc, which went public in a U.S. listing last month.
Full Truck Alliance, the result of a merger between Huochebang and Yunmanman, and Kanzhun Ltd, the owner of Zhipin.com, went public in the U.S. stock market last month.
Source: Reuters #Jul05
https://t.co/DbqIDc8CWU
#Didi #Zhipin #China #US #Stock
China's cyberspace watchdog said on Monday it is investigating online recruiter Zhipin.com, and truck-hailing apps Huochebang and Yunmanman, ramping up a crackdown on the mainland's tech companies amid tightened regulations on data security.
The announcement comes a day after the Cyberspace Administration of China (CAC) ordered a suspension of app downloads for Chinese ride-hailing giant Didi Global Inc, which went public in a U.S. listing last month.
Full Truck Alliance, the result of a merger between Huochebang and Yunmanman, and Kanzhun Ltd, the owner of Zhipin.com, went public in the U.S. stock market last month.
Source: Reuters #Jul05
https://t.co/DbqIDc8CWU
#Didi #Zhipin #China #US #Stock
China Evergrande bonds suspended as prices plunge
Bonds issued by indebted developer China Evergrande Group (3333.HK) slumped on Monday after a ratings downgrade led to restrictions on their use as collateral, prompting China's stock exchanges to halt trade.
The Shanghai Stock Exchange said in a statement that it had temporarily suspended trading in China Evergrande Group's 6.98% July 2022 corporate bond following "abnormal fluctuations." The exchange had also suspended trading in the bond on Friday.
Source : Reuters #Sep06
https://t.co/Nb1jU2ifAB
#China #Evergrande #Shanghai #Stock
Bonds issued by indebted developer China Evergrande Group (3333.HK) slumped on Monday after a ratings downgrade led to restrictions on their use as collateral, prompting China's stock exchanges to halt trade.
The Shanghai Stock Exchange said in a statement that it had temporarily suspended trading in China Evergrande Group's 6.98% July 2022 corporate bond following "abnormal fluctuations." The exchange had also suspended trading in the bond on Friday.
Source : Reuters #Sep06
https://t.co/Nb1jU2ifAB
#China #Evergrande #Shanghai #Stock