Beijing Has Tech Giant Didi In The Crosshairs ...Middle East

OILPRICE - Economy
Beijing Has Tech Giant Didi In The Crosshairs
source : OILPRICE ( Middle East ) () 7
Didi shares are taking it on the chin once again in premarket trading Thursday following reports that Chinese regulators are preparing to hammer the ride-hailing giant with a massive fine, or some other "unprecedented" punishment, such as de-listing (though it's unclear how the company would reverse the IPO process: would it return the money it raised to American shareholders?) Bloomberg reports that discussions between a bevy of regulators led by the Cyberspace Administration of China, the new archnemesis of China's tech firms, are in a preliminary…

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