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Didi set to feel China’s wrath after controversial Wall Street IPO – Sydney Morning Herald
Regulators see the ride-hailing giant’s decision to go public despite pushback from the Cyberspace Administration of China as…
But the CAC pounced just days later, announcing a cybersecurity review because of the companys data practices and then banning Didis app from the countrys app stores. Its shares quickly plunged below the offering price.
Chinas regulators largely supported…
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