CCP’s State-Owned Companies Shadow Chinese Ride-Hailing Company’s US IPO

CCP’s State-Owned Companies Shadow Chinese Ride-Hailing Company’s US IPO
The company logo of the Didi ride hailing app is seen on a car door at the IEEV New Energy Vehicles Exhibition in Beijing, China, on Oct. 18, 2018. Thomas Peter/Reuters
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Commentary

The Chinese ride-hailing giant Didi Chuxing (Didi) filed an initial public offering (IPO) in the United States on June 10. At the same time, the Chinese Communist Party’s (CCP’s) antitrust investigation of Didi was also reported.