Tuesday, July 19, 2022

Sources: China will impose a $1B+ fine on Didi over its cybersecurity practices and ease restrictions, letting Didi restore its apps and pursue a Hong Kong IPO (Wall Street Journal)

Wall Street Journal:
Sources: China will impose a $1B+ fine on Didi over its cybersecurity practices and ease restrictions, letting Didi restore its apps and pursue a Hong Kong IPO  —  The move ends a yearlong investigation and will free up the company to pursue a second listing in Hong Kong



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...