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Didi says app removal may hurt revenue, other US-listed Chinese firms probed


 
 
Reuters
Published: 05 Jul 2021 11:56 AM BdST
Updated: 05 Jul 2021 11:56 AM BdST
FILE PHOTO: The logo for Chinese ride-hailing company Didi Global Inc is pictured during the IPO on the New York Stock Exchange (NYSE) floor in New York City, US, June 30, 2021. REUTERS/Brendan McDermid/File Photo
Didi Global Inc said a regulatory order that its app be removed from app stores in China could hurt revenue, while other recently US-listed Chinese firms also found themselves the subject of cybersecurity investigations.
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Sunday s takedown order from the Cyberspace Administration of China (CAC) comes just two days after the regulator announced an investigation into the ride-hailing giant and less than a week after the firm debuted on the New York Stock Exchange. ....

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EMEA Morning Briefing: Stocks to Edge Higher But Oil Weakens on OPEC+ Deadlock


Provided by
Dow Jones
MARKET WRAPS
Watch For:
Eurozone, Germany, France, U.K., Italy Services PMI; Eurozone Quarterly Balance of Payments, Sectoral Accounts; France Industrial Production; UK Official Reserves, Car Registrations; OECD CPI; U.S. Independence Day Observed, Financial Markets Closed; updates from Repsol, Ryanair
Opening Call:
Equities in Europe are likely to edge up on Monday, with gains capped due to the U.S. holiday. In Asia, stocks were steady, oil dipped on OPEC+ worries, while the dollar, Treasury yields and gold prices were firmer.
Equities:
European stocks may struggle for direction on Monday, with oil lower on OPEC+ tensions and U.S. markets closed for the July 4 Independence Day holiday. ....

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