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Didi warns Chinese investors who bet ‘the worst was over’

Bloomberg Even by the volatile standards of Chinese stocks, the swings in Didi Global were extraordinary. In the span of just a few hours, shares of the ride-hailing giant flipped from a 16% gain to a 12% loss, bounced back into positive territory, then turned lower yet again. And that was all before the opening bell in New York. By ...

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Bain, Baring vying for $2b outsourcing company VXI

Bloomberg Bain Capital and Baring Private Equity Asia are among firms considering bids to acquire an outsourcing business from their private equity rival Carlyle Group Inc, according to people familiar with the matter. A sale of VXI Global Solutions is entering the final stages and a buyer could emerge as early as in the coming weeks, the people said, asking ...

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Chinese auto parts maker says products involved in Tesla recall

Bloomberg Ningbo Tuopu Group Co said it was the supplier of parts that prompted recent recalls of Tesla Inc Model Y cars in China and the US. Some front- and rear-suspension knuckles weren’t completely immersed in a liquid during the heating process, the Chinese auto-parts maker said in an exchange filing . The potential of any knuckle being defective might ...

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