Published: July 6th, 2021,
Last updated: July 9th, 2021
When Chinese ride-hailing service Didi went public with its stock in New York a week ago, spirits were at an all-time high. But this didn’t last for long. Just two days later, Beijing launched a crackdown on the company. As investigations by our team in Beijing prove, China’s authorities did not entirely strike without warning and the aftermath is even felt at US stock markets.