Chinese ride-hailing giant DiDi Chuxing has taken investors on a roller coaster ride since it became a target of an “unprecedented” clampdown by Beijing just days after its debut on the New York Stock Exchange.
The company went public on June 30, raising $4.4 billion from global investors in one of the largest U.S. share offerings of the past decade, which valued the company at around $70 billion. Within just 48 hours after its debut, however, the Chinese communist regime went after DiDi, ordering a cybersecurity review of the company.
