China’s largest online ride-hailing platform, Didi Chuxing, was listed on the New York stock exchange at the end of June. Days later, a cybersecurity review followed along with the removal of all its apps, resulting in its share price plunging. It was a massive reversal of fortunes which also resulted in the exposure of some red power…
Exposing the Red Elites Behind China’s Uber (Part 1)
July 19, 2021
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China to Remove 25 Didi Apps From Store as Clampdown Intensifies
BEIJING—China’s cyberspace administration on Friday said it would remove 25 mobile apps operated by Didi Global Inc. from app stores as the government stepped an effort to clamp down on the ride-hailing giant. The apps in question used data that was illegally collected by Didi, including those for its delivery service, camera devices, and finance…
CCP’s State-Owned Companies Shadow Chinese Ride-Hailing Company’s US IPO
Commentary The Chinese ride-hailing giant Didi Chuxing (Didi) filed an initial public offering (IPO) in the United States on June 10. At the same time, the Chinese Communist Party’s (CCP’s) antitrust investigation of Didi was also reported. According to Didi’s prospectus (registration statement) filed with the Securities and Exchange Commission, the regime’s state-owned companies played…
Chinese Ride-Hail Firm Didi Expected to Raise Billions In US Listing Amid Increased Scrutiny
WASHINGTON—Chinese companies are going public on U.S. stock exchanges at a record pace this year. China’s ride-hailing giant Didi Chuxing is the latest firm that’s poised to go public in New York, rebuffing an increased crackdown on U.S.-listed Chinese companies. Didi on June 10 filed a prospectus for its initial public offering (IPO), with a plan…
H&M Vanishes From Chinese Ride-Hailing App Didi After Xinjiang Backlash
March 26, 2021
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SHANGHAI—China’s top ride-hailing app Didi Chuxing has dropped H&M from its listings, joining a backlash over comments made by the Swedish fashion retailer last year about labor conditions in Xinjiang province. Search results for the clothing store chain in the app for all of China’s major cities yielded no results on Friday. Didi Chuxing did…
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