黑料吃瓜

Here’s what you need to know today in startup and venture news, updated by the 黑料吃瓜 News staff throughout the day to keep you in the know.

Subscribe to the 黑料吃瓜 Daily

Didi to delist from NYSE

China-based ride-hailing giant said it plans to delist from the , following pressure from Chinese regulators.

Didi, which made its NYSE debut just five months ago, plans to pursue a聽 Hong Kong listing. Shares were down sharply in pre-market trading in the wake of the news.

— Joanna Glasner

Grab shares fall following SPAC merger completion

Shares of Singapore-based , the Southeast Asian ride-hailing, delivery and commerce “superapp,” fell more than 20 percent in their first day of trading on following the completion of a merger with a special-purpose acquisition company.

— Joanna Glasner

Funding rounds

LingoAce raises $105M Series C: Singapore-based , an edtech startup known for its Mandarin Chinese language learning platform, announced it raised $105 million in a Series C funding round led by . The company also announced it raised a previously undisclosed $55 million Series B round less than a year ago, led by and .

— Joanna Glasner

Illustration: