China Renaissance Seeks Up to $377M In Hong Kong IPO

China Renaissance Holdings Ltd., the Chinese investment bank advising some of the most high-profile technology mergers and acquisitions in the country, seeks to raise up to HK$2.96 billion (US$377 million) through a Hong Kong initial public offering.

Didi Suffers Another Passenger Murder, Casting Dark Clouds Over Ride Hailing Giant On Safety Risks

Just three months after a 21-year-old stewardess was murdered during a ride in Zhengzhou, another female passenger who also used Didi Hitch was killed on August 24th in Wenzhou. The incident casts greater uncertainties to China’s ride-hailing giant as it reportedly seeks an IPO this year to be valued at as much as US$80 billion.

Kuaidi Founder Weixing Chen To Launch Blockchain-Based Ride Hailing App In China

Weixing Chen, founder of Kuaidi Dache that merged with Didi to become the leading Chinese ride hailing company Didi Chuxing, is planning to launch a blockchain-based ride hailing app to rival current operators in safety and efficiency. Chen is teaming up with Yang Jun, a co-founder of Chinese on-demand local services firm Meituan, to launch the product. The ultimate aim is to create a platform that offers life-style services encompassing ride hailing, deliveries and others.