Exposing the Red Elites Behind ‘Chinese Uber’ Didi (Part 1)

Didi amasses red capital to monopolize China's ride-hailing industry

A Didi Chuxing logo in Hangzhou, China. STR/AFP via Getty Images

Editor’s note: This article is part one of a three-part series. Read Part 2 and Part 3.

China’s largest online ride-hailing platform, Didi Chuxing, was listed on the New York stock exchange at the end of June. Days later, a cybersecurity review followed along with the removal of all its apps, resulting in its share price plunging.