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Didi leaves Wall Street. ‘Perfect storm’ means more Chinese tech stocks may follow

December 10, 2021
Source: exbulletin.com exbulletin.com
News Snapshot:
Pressure from both countries has created a “perfect storm” of problems for these companies, according to Alex Capri, researcher at the Hinrich Foundation. He called Didi’s decision a “harbinger of [the] increased fragmentation of global financial markets along geopolitical lines. “ A course correction [BABA] ) was celebrated two years ago for its stock listing in the Chinese city, a symbolic homecoming for a company that in 2014 traveled to New York to launch the largest IPO. [START] ), NetEase ( [DETECTOR] ) and JD.com ( [JD] ), now also trading in Hong Kong, but none of those big names...
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