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Shares of china s ride hailing giant didi chuxing plunged by more than 20 percent on tuesday, as it resumed trading in new york, after the 4th ofjuly break. beijing has also said it will tighten regulations around chinese companies seeking to sell shares overseas. the new measures come just days after chinese regulators blocked didi from the country s app stores. that latest crackdown by beijing has made some investors wary about putting their money into chinese tech players. our asia business reporter katie silver has been following the story. as you mention, we ve seen the rise and fall of didi on the new york stock exchange. didi had grand ambitions, it currently operates in 14 countries. like uber, a ride hailing giant, now we re hearing for example there may be a class against the firm, looking into whether or not how much the firm knew about this ragged reaction coming. as you mention, these beijing concerns over data protection when it ....
Comes to didi. didi isjust the latest, first it was alibaba then 10 cents. other chinese companies have had similar pressures from the hands of beijing. it is rocking the confidence of many investors who have typically been very bullish on china. on one hand, the strategic investors, companies with a lot of money, when it comes to didi we have softbank. because they have a lot of money in, it is harder to get out. and you have smaller investors that brought on this listing on the hopes it would continue to do well. any investors really wary and wondering whether or not it is the best place to put their money don t make one investor says he has taken out $3 million from china, all of the investment of his clients in china from this uncertainty. external investors are saying ifjack external investors are saying if jack ma external investors are saying ifjack ma is no longer untouchable, then, you know, what untouchable, then, you know, what is untouchable, then, you know, what is i ....
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