Commentary The United States and China are beginning to agree on one thing—that Chinese technology companies selling shares on U.S. stock exchanges may not work. Just days after Chinese ride-hailing company Didi Global Inc.—the U.S. listed affiliate of Didi Chuxing—was IPO’ed in New York earlier this month, China’s cyber security watchdog launched an investigation into the company and removed its app from Chinese mobile app stores. The Cyberspace Administration of China’s investigation was to “safeguard national data security and protect national security.” The fallout of this was immediate and severe. Didi’s NYSE-listed shares plunged below the IPO price. Two lawsuits filed in New York and Los Angeles by investors accused Didi executives and its lead underwriting banks for failure to disclose ongoing investigations which occurred prior to Didi’s listing. Investment professionals from Kyle Bass to Jim Cramer decried the news and questioned whether Chinese stocks are investable. There is a …