Opinion: Investors Paid the Price For Ignoring Didi’s Long-Running Compliance Issues
In late July, almost a month after the Chinese ride-hailing giant Didi was embroiled in a regulatory storm after its hasty New York listing, I spoke to a group of international investors in a webinar, and predicted the worst-case scenario would be a delisting.
That happened yesterday. It somehow still seemed to be a big surprise to global investors. China tech stocks tumbled in the U.S. market last night.
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