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US Investors Ambushed by Beijing After Didi IPO

US Investors Ambushed by Beijing After Didi IPO
A logo of Didi Chuxing in Hangzhou in eastern China's Zhejiang Province on Sept. 4, 2018. STR/AFP via Getty Images
Emel Akan
Emel Akan
Reporter
&
Eva Fu
Eva Fu
Reporter
|Updated:

WASHINGTON—American investors were steamrolled by Beijing again as the ride-hailing giant Didi Chuxing became the latest target of a clampdown by the communist regime just days after its debut on the New York Stock Exchange.

A Chinese cybersecurity regulator on July 2 announced that it was conducting a review on Didi. The officials banned the ride-hailing platform from app stores, saying the company had illegally collected and used personal data.

Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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