China cracks down on Didi days after IPO

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Europe's automotive industry is facing a historic crisis as Volkswagen weighs unprecedented factory closures and massive job cuts. However, the root of the problem isn't just high energy costs or European bureaucracy—it's China Shock 2.0. With Chinese electric vehicle (EV) manufa ...  Show more

In 2017, the Chinese ride-hailing app was the highest valued start-up in the world at $56bn. But after a difficult period in 2018 following the murder of two passengers on its platform and a government crackdown, Didi has made a move to diversify by offering financial services. T ...  Show more

Authorities in China ordered Didi to stop taking new ride sharing customers, and banned the sale of the app, because of data sharing issues. Investors in the newly floated company are furious, but this isn’t the first kind of regulatory intervention China has made. So what’s behi ...  Show more

Didi lost a fifth of its market value after Chinese regulators announced an investigation into the ride-hailing app that last week raised more than $4bn in a New York IPO, the Opec impasse highlights growing tensions between Saudi Arabia and the United Arab Emirates, the Penta ...

Just after the ride-hailing giant made a splashy stockmarket debut, Chinese regulators <a href="https://www.economist.com/business/2021/07/05/didis-removal-from-chinas-app-stores-marks-a-growing-crackdown?utm_campaign=the-intelligence&utm_medium=podcast&utm_source=third-party- ...