DiDi Plummets 22% After China Moves To Block The App ...Middle East

China's move to block Didi Chuxing Technology Co. from app stores just days after the ride-hailing giant's U.S. IPO has resulted in a 22% plunge in shares U.S. premarket trade Tuesday.  Didi said on Monday that the Cyberspace Administration of China's (CAC) ban on the app would have a significant impact on its revenue. As for existing customers with the app, the ban wouldn't affect them.   In premarket trading on Tuesday, shares are trading around $12 handle, or about a 22% discount from Friday's close. U.S. stocks were closed on…

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