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Ride-Hailing Giant “Didi” Loses $22 Billion in Value After China Crackdown

July 6, 2021 10:45 am

https://finance.yahoo.com/news/didi-slumps-china-regulators-order-082519039.html (Bloomberg) — Didi Global Inc. plunged Tuesday morning after regulators in China ordered the removal of the company’s platform from app stores, days after it raised $4.4 billion in the second-largest U.S. initial public offering for a Chinese firm. …

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