Companies of China

INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against DiDi Global Inc. with an Expanded Class Period and Encourages Investors to Contact the Firm Before September 7, 2021

Thursday, July 29, 2021 - 11:56pm

On or about June 30, 2021, DiDi sold about 316.8 million ADSs in its IPO for $14 per share, raising nearly $4.5 billion in new capital.

Key Points: 
  • On or about June 30, 2021, DiDi sold about 316.8 million ADSs in its IPO for $14 per share, raising nearly $4.5 billion in new capital.
  • On July 2, 2021, the Cyberspace Administration of China (CAC) stated that it had launched an investigation into DiDi to protect national security and the public interest.
  • It also reported that it had asked DiDi to stop new user registrations during the course of the investigation.
  • Kirby McInerney LLP is a New York-based plaintiffs law firm concentrating in securities, antitrust, whistleblower, and consumer litigation.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against DiDi Global Inc. (DIDI)

Thursday, July 29, 2021 - 5:30pm

It also reported that it had asked DiDi to stop new user registrations during the course of the investigation.

Key Points: 
  • It also reported that it had asked DiDi to stop new user registrations during the course of the investigation.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
  • Glancy Prongay & Murray LLP, Los Angeles

SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against DiDi Global Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

Thursday, July 29, 2021 - 6:59pm

The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against DiDi Global Inc. (DiDi or the Company) (NYSE: DIDI ) for violations of the federal securities laws.

Key Points: 
  • The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against DiDi Global Inc. (DiDi or the Company) (NYSE: DIDI ) for violations of the federal securities laws.
  • We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge.
  • The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney.
  • The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

Didi Responds to Certain Market Speculation

Thursday, July 29, 2021 - 12:15pm

DiDi Global Inc. (Didi or the Company) (NYSE: DIDI), the worlds leading mobility technology platform, noted a Wall Street Journal article published today saying the Company is considering going private.

Key Points: 
  • DiDi Global Inc. (Didi or the Company) (NYSE: DIDI), the worlds leading mobility technology platform, noted a Wall Street Journal article published today saying the Company is considering going private.
  • The Company affirms that the above information is not true.
  • The Company is fully cooperating with the relevant government authorities in China in the cybersecurity review of the Company.
  • DiDi Global Inc. (NYSE: DIDI) is the worlds leading mobility technology platform.

Senmiao Technology Announces Signing of Framework Agreement with BYD's Biggest Dealer in China for Leasing of 6,000 Automobiles

Friday, July 30, 2021 - 2:30pm

As of the end of July 2021, 150 automobiles have been delivered to Senmiao in Chengdu and Guangzhou pursuant to the framework agreement.

Key Points: 
  • As of the end of July 2021, 150 automobiles have been delivered to Senmiao in Chengdu and Guangzhou pursuant to the framework agreement.
  • Baijuyi is a subsidiary of Beijing Beifang Huapeng Trading Ltd. ("Huapeng"), which boasts 17 years of automobile sales experience and has served as the biggest dealer of BYD Company Limited ("BYD", HK: 1211 and SZSE: 002594) for years in China.
  • Xi Wen, Senmiao's Chairman and Chief Executive Officer, stated, "We are pleased to expand upon our existing cooperation with BYD and Huapeng with the signing of this framework agreement.
  • Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances.

Banco XCMG S.A. Completes First Foreign Exchange Settlement and Sale Transaction with Newly Gains Foreign Exchange License Approval in Brazil

Thursday, July 29, 2021 - 9:36am

Banco XCMG S.A., opened in July 2020 in Pouso Alegre, is the Chinese manufacturing industry's first overseas bank and the first Chinese-invested enterprise bank in Brazil.

Key Points: 
  • Banco XCMG S.A., opened in July 2020 in Pouso Alegre, is the Chinese manufacturing industry's first overseas bank and the first Chinese-invested enterprise bank in Brazil.
  • Upon receiving the license, the bank will be able to save exchange costs for XCMG Brazil at more favorable exchange rates, which is of great significance to improve the overall operating efficiency of XCMG's two companies in Brazil.
  • The foreign exchange license will expand Banco XCMG S.A.'s innovative service capabilities based on the real needs of customers.
  • A top-three equipment leasing company in Brazil has already purchased 42 units of XCMG excavators through Banco XCMG S.A.

Animal Lovers Rejoice: Members of Dig and Tabby Dating Apps Will Have Access to Background Information and More With RealMe™

Tuesday, July 27, 2021 - 4:00pm

This summer, both apps will offer their members the ability to verify profiles and view important background information and reputation details of potential partners via their game-changing RealMe integration.

Key Points: 
  • This summer, both apps will offer their members the ability to verify profiles and view important background information and reputation details of potential partners via their game-changing RealMe integration.
  • Reputation Profiles, RealMe's extensive database is able to provide Dig and Tabby members visibility into their match's criminal and court records and sex offender status.
  • "Dig and Tabby are building relationships so pets and pet-lovers can live healthier, longer, and more joyous lives together," said Dig and Tabby CEO Leigh Isaacson D'Angelo.
  • Dig and Tabby is leading the way as one of the early adopters of RealMe's comprehensive safety and security solution."

RareStone Inc. Announces Strategic Collaboration with Tencent on a Service Ecosystem Focused on Rare Disease Patients in China

Tuesday, July 27, 2021 - 1:05pm

BOSTON, July 27, 2021 /PRNewswire/ -- RareStone Inc., formerly Citrine Medicine, aChina-based rare disease company, and Tencent Holdings Limited (Tencent), based in Shenzhen, China, signed a strategic collaboration memorandum to develop a service ecosystem focused on rare disease patients in China.

Key Points: 
  • BOSTON, July 27, 2021 /PRNewswire/ -- RareStone Inc., formerly Citrine Medicine, aChina-based rare disease company, and Tencent Holdings Limited (Tencent), based in Shenzhen, China, signed a strategic collaboration memorandum to develop a service ecosystem focused on rare disease patients in China.
  • The combined effort will promote educationof rare disease, focus social awareness on rare disease, and improve accessibility of medical information and services for rare disease by working together to provide innovative digital solutions to benefit rare disease patients.
  • Many patients find it difficult to uncover correct information on rare disease from medical professionals as well as access rare disease treatment options."
  • In this strategic collaboration, Tencent will join hands withRareStone to better serveChina's 20 million rare disease patients through innovative digital solutions in the field of rare diseases."

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Tencent Music Entertainment Group – TME

Tuesday, July 27, 2021 - 2:19am

NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Tencent Music Entertainment Group (Tencent or the Company) (NYSE:TME).

Key Points: 
  • NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Tencent Music Entertainment Group (Tencent or the Company) (NYSE:TME).
  • Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext.
  • The investigation concerns whether Tencent and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DiDi Global Inc. f/k/a Xiaoju Kuaizhi Inc. - DIDI

Monday, July 26, 2021 - 6:35pm

NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of.

Key Points: 
  • NEW YORK, July 26, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of.
  • DiDi Global Inc. f/k/a Xiaoju Kuaizhi Inc. (DiDi or the Company) (NYSE:DIDI).
  • The investigation concerns whether DiDi and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • The CAC also reported that it had asked DiDi to stop new user registrations during the course of the investigation.