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

3 years ago
Anonymous $drS9DEX_Sj

https://www.reuters.com/article/us-china-didi-global-stocks/china-tech-crackdown-wipes-out-billions-from-didi-other-u-s-listed-firms-idUSKCN2EC0Q2

HONG KONG/LONDON (Reuters) -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.