BEIJING, June 1, 2022 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for first quarter ended March 31, 2022. "We delivered a solid start to 2022," said Gaofei Wang, CEO of Weibo. "In the first quarter, our user base and traffic continued to grow nicely with disciplined marketing spending, which demonstrated our core value in public conversation and enriched content ecosystem. On monetization, Weibo has delivered a relatively resilient performance of advertising business in the first quarter, despite disruptions from COVID-19 resurgence in China." First Quarter 2022 Highlights Net reven

Bernstein initiated coverage of DiDi Global with a rating of Outperform and set a new price target of $6.20

BEIJING, June 1, 2022 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, today announced its unaudited financial results for first quarter ended March 31, 2022. "We delivered a solid start to 2022," said Gaofei Wang, CEO of Weibo. "In the first quarter, our user base and traffic continued to grow nicely with disciplined marketing spending, which demonstrated our core value in public conversation and enriched content ecosystem. On monetization, Weibo has delivered a relatively resilient performance of advertising business in the first quarter, despite disruptions from COVID-19 resurgence in China." First Quarter 2022 Highlights Net reven

DiDi Global Inc. ("DiDi" or the "Company") (NYSE:DIDI), today announced that it has notified the New York Stock Exchange (the "NYSE") of the Company's decision to proceed with its delisting of the Company's American Depositary Shares ("ADSs") from the NYSE (the "Delisting"). The Company plans to file a Form 25 with the U.S. Securities and Exchange Commission on or after June 2, 2022, in order to delist its ADSs from the NYSE, which is expected to occur ten days thereafter upon the effectiveness of the Form 25. For more information regarding reasons for the Delisting, please refer to the Form 6-K that the Company furnished with the Securities and Exchange Commission on May 11, 2022. About D

DiDi Global Inc. ("DiDi" or the "Company") (NYSE:DIDI), today announced that the following resolution, which had been submitted for shareholder approval, has been approved at the extraordinary general meeting (the "EGM") of the Company's shareholders held in Beijing today: as an ordinary resolution, to delist the Company's American Depositary Shares from the New York Stock Exchange (the "Delisting") as soon as practicable, and that in order to better cooperate with the cybersecurity review and rectification measures, the Company's shares will not be listed on any other stock exchange before the Delisting is completed. As of April 28, 2022 (the "Record Date"), the Company had 1,213,509,4

DiDi Global Inc. ("DiDi" or the "Company") (NYSE:DIDI), the world's leading mobility technology platform, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission on May 2, 2022. The annual report can be accessed on the Company's investor relations website at https://ir.didiglobal.com. The Company will also provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. About DiDi Global Inc. DiDi Global Inc. (NYSE:DIDI) is the world's leading mobility technology platform. It offers a wide range of

DiDi Global Inc. ("DiDi" or the "Company") (NYSE:DIDI), the world's leading mobility technology platform, today announced its unaudited condensed financial results for the fourth quarter ended December 31, 2021. DiDi Global Inc. Unaudited condensed consolidated balance sheets (Amounts in millions, except for per share data and otherwise noted) As of December 31,   December 31, 2020   2021   2021 RMB (1)   RMB   US$ (2)   ASSETS Current assets: Cash and cash equivalents 19,372   43,430   6,815   Restricted cash 2,238   444   70   Short-term investments 37,68

DiDi Global Inc. ("DiDi" or the "Company") (NYSE:DIDI) today announced that it will hold an extraordinary general meeting of shareholders (the "EGM") at No. 1 Block B, Shangdong Digital Valley, No. 8 Dongbeiwang West Road, Haidian District, Beijing, China on May 23, 2022 at 7:00 p.m., Beijing Time, or 7:00 a.m. Eastern Time. The Company is in full cooperation with the cybersecurity review in China. After prudent consideration by the board of directors of the Company (the "Board"), the Board has authorized the Company to organize a shareholders meeting to vote on the voluntary delisting of the Company's American Depositary Shares (the "ADSs") from the New York Stock Exchange (the "Delisting

DiDi Global Inc. (the "Company") (NYSE:DIDI), the world's leading mobility technology platform, today announced that Ms. Fengxia Liang has been appointed as a director to the board of directors of the Company and Mr. Martin Chi Ping Lau has resigned from the board. Ms. Fengxia Liang currently serves as Associate General Counsel of Tencent Holdings Limited, an internet company listed on the Hong Kong Stock Exchange (stock code: 00700). Ms. Liang joined Tencent in March 2008. Prior to joining Tencent, she worked at Deloitte as Senior Legal Counsel, and prior to that she practiced law at an Asian law firm specializing in M&A and commercial transactions. Ms. Liang received her LLM degree from

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Key takeaways: Along with DiDi, logistics matching platform Full Truck Alliance and online recruitment company Kanzhun are also likely to be allowed to sign up new users  Some analysts expect the Chinese authorities to gradually relax tough regulation of tech companies in order to spur economic growth, removing the biggest uncertainty in the market By Ken Lo The policy makers in charge of steering China’s economy are shifting gears. After exerting intense regulatory pressure on the powerful tech sector, the authorities now look set to ease off the brakes to let the industry inject more fuel into the engine of growth. Three companies are expected to be among the first beneficiaries of

Key Takeaways: Media are reporting a nearly yearlong data security review of Full Truck Alliance could be near an end, though the company said a concurrent ban on new user signups has yet to be lifted Company reported its total net revenue grew 53.7% in the first quarter, but predicted the figure would slow to between 39% and 46% growth in the current quarter By Doug Young Summer may be arriving for much of China, but for Full Truck Alliance (NYSE:YMM) it may feel more like a long winter is close to ending. The operator of apps that match truckers with companies shipping goods around China has just reported its latest quarterly results, sparking a rally that saw its stock rise 15% in

Alibaba Group Holding Ltd (NYSE:BABA) shares gave up the gains in premarket trading after China snubbed previous reports of the revival of the IPO of its fintech affiliate Ant Group Co. The news of revival reflected possible ease in China's domestic tech crackdown, Bloomberg reports. China had reportedly formed a team to reassess Ant's share sale plans.  Authorities also neared the final stages of issuing Ant a long-awaited license rendering it eligible for IPO and regulating it more like a bank, according to the Bloomberg report. The Ant's IPO sudden cancellation in November 2020 served as the poster boy of China's regulatory crackdown that swept across the country's internet sector l

E-commerce giant Alibaba Group Holding Ltd (NYSE:BABA) and on-demand service platform operator Meituan (OTC:MPNGY) jointly handed out 92% of China's antitrust fines, the SCMP reports. China raked in 23.6 billion yuan ($3.53 billion) in antitrust fines in 2021, up 52 times versus 2020. Alibaba's record 18.2 billion yuan penalty and Meituan's 3.4 billion yuan fine over their monopolistic practices formed the bulk of the penalties for 2021 following China's antitrust investigations to contain the "irrational expansion of capital" in the tech sector. China closed 175 cases in 2021, up 61.5% from 2020. Alibaba and Meituan had allegedly forced merchants to forge agreements with their respective

  Gainers Satellogic (NASDAQ:SATL) stock moved upwards by 23.7% to $6.98 during Wednesday's regular session. The current volume of 186.9K shares is 85.0% of Satellogic's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $633.2 million. SQL Technologies (NASDAQ:SKYX) stock increased by 20.57% to $2.52. SQL Technologies's stock is trading at a volume of 491.3K shares as of 13:30 EST. This is 425.3% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $203.4 million. Energy Focus (NASDAQ:EFOI) shares rose 15.33% to $2.63. As of 13:30 EST, this security is trading at a volume o

CNBC ‘Cryptocurrency A Threat To The Safety Of Global Payment Systems,’ Starling CEO Says The CEO of Goldman Sachs (NYSE:GS) backed digital bank Starling has stepped up her criticism of cryptocurrency, calling it a threat to the security of payment infrastructure, reported CNBC. “It is very dangerous,” Anne Boden, who established Starling in 2014, cautioned at the Money 20/20 fintech conference in Amsterdam on Tuesday. “A lot of crypto wallets are being connected directly to payment schemes,” Boden stated. “This is a threat to the safety of our payment schemes around the world.” Reuters DiDi Discusses Stake Acquisition In Sinomach Automobile’s EV Division For $150M DiDi Glo

DZ Bank AG's Manuel Muehl remained adamant on his sell recommendation on Chinese stocks, including Alibaba Group Holding Ltd (NYSE:BABA), amid hints toward possible ease in the regulatory crackdown. Last summer, Muehl was the first to recommend the sell rating on Alibaba and JD.com, Inc (NASDAQ:JD), signifying higher accuracy than his peers. Muehl called the optimism surrounding the possible end to DiDi Global Inc (NYSE:DIDI) regulatory woes "a bit premature and highly undifferentiated." Muehl did not find any reason to be bullish on the sector following slower revenue growth, margins, and free cash flow reflected in the latest quarterly results. Muehl's target price of $85 for Alibaba