. China tech crackdown drives plunge in Didi Global « JO LEE MAGAZINE

Reuters – Didi Global Inc (DIDI.N) shares fell as much as 25% on Tuesday since Chinese regulators ordered the company’s app to be taken down days after its $4.4 billion listing on the New York Stock Exchange.

The ride-hailing giant’s app was ordered to be removed from mobile app stores in China on Sunday by the Cyberspace Administration of China (CAC), which had said it was investigating Didi’s handling of customer data.

Find more information at Reuters.

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