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Didi loses 30% of daily users after Beijing crackdown following IPO

September 16, 2021
Source: newsnationusa.com newsnationusa.com
News Snapshot:
Didi Chuxing updates Sign up to myFT Daily Digest to be the first to know about Didi Chuxing news. China’s leading ride-hailing app, Didi, has seen its daily users fall by 30 per cent since its initial public offering in New York in June triggered a fierce backlash by Beijing. In the days after Didi’s IPO, Chinese regulators banned the company from signing up any new customers while they carried out a data security investigation that remains ongoing. Regulators also ordered app stores to remove 25 of Didi’s other apps, including those that register new drivers. Didi shares have fallen...
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Tags: Amap | America | app | ban | Beijing | blind | boycott | cash | Chinese | consumer | crackdown | customer | data | education | expansion | finance | ipo | mobile | New York | social media | sports | Twitter | USA | weather | WhatsApp

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