Is Didi’s IPO a stock loser from the start?
Chinese ride-hailing company Didi has filed for an IPO on the New York Stock Exchange, but some analysts are already questioning the long-term value of the stock.
Chinese ride-hailing company Didi has filed for an IPO on the New York Stock Exchange, but some analysts are already questioning the long-term value of the stock.
The Baidu Apollo fleet consists of 500 vehicles, with open-road tests conducted in 30 cities around the world. The company’s Robotaxi service has carried 210,000 passengers and is available in Beijing, Changsha and Cangzhou, with plans to move into 30 more cities over the next three years.
The hack pulls back the curtain on “bug bounty” hunters, security researchers who troubleshoot software systems for money.
Chinese e-commerce newcomer Pinduoduo (NASDAQ: PDD) seeks to finance an operational expansion by raising $1 billion. The company’s filing with the SEC said that it plans to sell 37 million shares to raise necessary capital.