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China tech crackdown wipes out billions from Didi, other U S -listed firms

China tech crackdown wipes out billions from Didi, other U.S.-listed firms The ride-hailing giant s app was ordered to be removed from mobile app stores in China on Sunday. Hong Kong-Shenzhen, July 6, 2021 – Didi Global Inc shares slumped as much as 25% in U.S. pre-market trade on Tuesday, ahead of its first session since Chinese regulators ordered the company s app 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 followed an official investigation into the company s handling of customer data.

China tech crackdown wipes out billions from Didi, other US-listed firms | Money

China tech crackdown wipes out billions from Didi, other US-listed firms | Money
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