Chinese cybersecurity probe validates Didi’s pre-IPO warning to investors

Shares of Chinese ride-hailing provider Didi are sharply lower this morning after news broke that its domestic regulators are investigating the newly public company. A loose translation of the probe’s official notice indicates that the cybersecurity review is “in order to prevent national data security risks, maintain national security, and protect the public interest.” Yesterday, regulators ordered Didi to stop…
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