China’s regulators suspect Didi’s US listing was ‘deliberate act of deceit’, a portrayal that shows severity of mistrust, sources say

//China’s regulators suspect Didi’s US listing was ‘deliberate act of deceit’, a portrayal that shows severity of mistrust, sources say

China’s regulators suspect Didi’s US listing was ‘deliberate act of deceit’, a portrayal that shows severity of mistrust, sources say

China’s government regulators suspect that the June 30 initial public offering by Didi-Chuxing in New York was a deliberate act of deceit, a characterisation that underscores the severity of the fundraising exercise and the potential storm to come, according to four sources familiar with the matter.The Beijing-based ride-hailing service raised US$4.4 billion in a stock sale in the US even while its core business is in China – where it dominates 90 per cent of the market.Some officials are…

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By | 2021-07-09T10:00:16+00:00 July 9th, 2021|Technology|Comments Off on China’s regulators suspect Didi’s US listing was ‘deliberate act of deceit’, a portrayal that shows severity of mistrust, sources say