By Maiya Keidan TORONTO (Reuters) - Several hedge funds may have been bruised by bets on Didi Global Inc, filings showed after the shares tumbled since the Chinese ride-hailing company announced plans to withdraw from the New York Stock Exchange. Didi’s shares have tumbled 56.8% from their June 30 IPO price. The slide accelerated after the company said … [Read more...] about Some hedge funds may have lost millions on bets on China’s Didi Global
Meta offers deferral program for employees unready to return to office
(Reuters) - Meta Platforms Inc said on Tuesday it will fully reopen its U.S. offices on Jan. 31 next year while giving its employees an opportunity to delay their scheduled return by three to five months. The social media giant's new "office deferral program" will ensure that its employees have flexibility in returning back to offices, Meta said. Meta, formerly known as … [Read more...] about Meta offers deferral program for employees unready to return to office
SAIC Mobility and Momenta to start public trials of robotaxi service in Shanghai
BEIJING (Reuters) - SAIC Mobility, a unit of top Chinese automaker SAIC Motor and autonomous driving startup Momenta have begun offering autonomous robotaxis test rides to the public in a Shanghai district as part of a trial, Momenta said on Wednesday. The two firms are testing 20 robotaxi vehicles in Shanghai's Jiading district to further gauge their viability for … [Read more...] about SAIC Mobility and Momenta to start public trials of robotaxi service in Shanghai
S.Korea “webtoon” firms leverage low-cost stories with potential huge upside
By Joyce Lee SEOUL (Reuters) - Netflix's most-watched series in late November, "Hellbound", is making a splash on TV, but it first appeared on much smaller screens as an online comic, or "webtoon", optimised for smartphones. The webtoon format, which began in Korea two decades ago, has shaken up content creation for the movie industry around the globe. With relatively few … [Read more...] about S.Korea “webtoon” firms leverage low-cost stories with potential huge upside
Weibo shares fall 6% below issue price on Hong Kong listing
By Scott Murdoch HONG KONG (Reuters) -Chinese social media giant Weibo Corp's shares debuted 6.1% below their issue price in Hong Kong on Wednesday, as it became the latest U.S.-listed China stock to seek out a secondary listing closer to home. The Hong Kong debut was in line with a fall in Weibo's primary listing in New York after a torrid week for U.S.-listed China shares, … [Read more...] about Weibo shares fall 6% below issue price on Hong Kong listing
