Didi IPO Ambition Marred by China Crackdown, Cash Burn Fears
Didi IPO Ambition Marred by China Crackdown, Cash Burn Fears Bloomberg 2 hrs ago Coco Liu, Abhishek Vishnoi and Ishika Mookerjee © Bloomberg Didi Chuxing's Ride-Hailing Service as Uber Said to Seek Partial Sale of $6.3 Billion Stake (Bloomberg) -- Didi Global Inc. is on the cusp of pulling off one of the biggest U.S. initial public offerings of the past decade, the culmination of five years of battling first Chinese regulators and then Covid 19. Now Beijing again threatens to spoil the party. Popular Searches Didi, the scrappy upstart that defeated Uber Technologies Inc. ...
Source: msn.com