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Didi is leaving Wall Street. A ‘perfect storm’ means other Chinese tech stocks may follow

December 10, 2021
Source: spectrumreport.com spectrumreport.com
News Snapshot:
Hong Kong (CNN Business)Chinese ride-hailing giant Didi wants to bail on Wall Street . It may soon have plenty of company. For China’s big tech firms, the appeal of going public in New York was once obvious: They gained access to a much deeper pool of capital, higher valuations and more relaxed listing rules. But that is quickly fading as they’re forced to navigate a slew of audit rules and sanctions from Washington, coupled with Beijing’s heightened scrutiny on data collection and foreign listings .The pressure from both nations has created a “perfect storm” of problems for these companies, according...
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