Didi Crackdown: CCP’s Power Struggle & An Accelerator of the CCP’s Demise

In the past few days, the dramatical events surrounding Didi Chuxing, the Chinese version of Uber, have caused a lot of attention, especially among Wall Street investors. Its share price suffered a free fall only a few days after it went public in New York. It’s IPO, which means initial public offering, was the one of the largest in the US over the past decade, and the biggest by a Chinese company since 2014. So what on earth is wrong with Didi? And what can we learn from it? Today let’s talk about this.
#Didi #Didicrackdown #ChineseCompanies
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