didi chinabased ximalaya linkdoc us ipotimes

#DIDI CHINABASED XIMALAYA LINKDOC US IPOTIMES FULL#
#DIDI CHINABASED XIMALAYA LINKDOC US IPOTIMES SERIES#

The question now is, did Didi violate any use of personal data?Īccording to specific reports, Didi received warnings before its IPO. Didi’s stock dropping by more than 20% after the information came to light. This announcement came as a complete surprise to investors and triggered a sell-off. It was also ordered to remove its app from the Chinese app store and was prohibited from enrolling new customers. Days after Didi’s massive IPO, the CAC launched an investigation on Didi over the concern of their collection and usage of personal data. The CAC was established in 2014 by President Xi JinPing, which enforces online censorship and promotes Beijing’s ‘internet sovereignty’ policy. Cyberspace Administration of China’s (CAC) investigation on Didi Let’s take a closer look at these developments. To end off the eventful week, news outlets started to pick up rumours on the CCP’s intention to close the VIE structure loophole.Īll of this news instilled fear in investors, resulting in the current sell-off. Both of which were recently listed in the US due to data security concerns.

#DIDI CHINABASED XIMALAYA LINKDOC US IPOTIMES FULL#

The CAC began investigating other companies concurrently, some companies include Full Truck Alliance Co.

While Didi took centre stage in the latest crackdown, it wasn’t the only victim. During this time, Didi was ordered to be removed from app stores while investigations were ongoing. The Cyberspace Administration of China (CAC) launched an inquiry into Didi just days after its IPO, citing concerns about its users’ data being mismanaged. What exactly are these events which led to this panic selling? Is the selling justified, or is this an opportunity for us to buy? Let’s have a look at it! What happened?!Īll of this began with Didi’s initial public offering (IPO), which was one of the largest IPO to hit the US market this year.

#DIDI CHINABASED XIMALAYA LINKDOC US IPOTIMES SERIES#

This sell-off comes after a series of actions by the Chinese Communist Party (CCP) as they tighten the regulation on Chinese companies. If you have investments in the Chinese market, the recent sell-off has likely done a number on your portfolio.

Didi chinabased ximalaya linkdoc us ipotimes