Beijing’s recent crackdown on ride-hailing giant Didi Global shows that the overriding priority of the communist regime is control, according to China expert Gordon Chang.
On July 2, the Chinese regime’s internet regulator ordered the company to stop signing up new users, pending a security review process. This came just two days after Didi began trading on the New York Stock Exchange, raising $4.4 billion in one of the largest U.S. initial public offerings (IPOs) of the past decade.
