More bad news for China’s version of Uber. Ride-share service DiDi’s stock shares plunged over 20 percent after a crackdown from Chinese authorities. Its fall from stardom comes after a breakout listing in the U.S. stock market. An American city councilman has been removed from his post, all because he vocally blames Beijing for the…
US Investors Ambushed By Beijing After Didi IPO
July 6, 2021
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WASHINGTON—American investors were steamrolled again by Beijing as the ride-hailing giant Didi Chuxing became the latest target of a clampdown by the communist regime just days after its debut on the New York Stock Exchange. A Chinese cybersecurity regulator on July 2 announced that it was conducting a review on Didi. The officials banned the ride-hailing platform from…
US Investors Ambushed By Beijing After Didi Crackdown
WASHINGTON—American investors got steamrolled again by Beijing as the ride-hailing giant Didi Chuxing became the latest target of a crackdown by the Communist regime just days after its debut on the New York Stock Exchange. A Chinese cybersecurity regulator on July 2 announced that it was conducting a review on Didi. The officials banned the ride-hailing platform from…
China Orders Didi App Downloads Suspended Over Data Violation
The Chinese regime’s cyberspace regulator said on July 4 that it had ordered smartphone app stores to stop offering Didi Global Inc’s app after finding that the ride-hailing giant had illegally collected users’ personal data. The Cyberspace Administration of China (CAC) said it had told Didi to make changes to comply with Chinese data protection…
Chinese Regime Forces Ride-Hailing Company To Suspend User Registrations After US IPO, Causing Stock to Fall
Just two days after the Chinese ride-hailing giant Didi Chuxing launched its U.S. initial public offering (IPO), the Chinese communist regime’s Cyberspace Administration started a security review on the company and suspended its registration of new users. The action caused Didi’s stock to fall on the New York Stock Exchange (NYSE). On July 2, the Cyberspace…
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