US senators call for inquiry into Didi Chuxing’s US$4.4 billion IPO following China’s crackdown

//US senators call for inquiry into Didi Chuxing’s US$4.4 billion IPO following China’s crackdown

US senators call for inquiry into Didi Chuxing’s US$4.4 billion IPO following China’s crackdown

Two members of the US Senate’s influential banking committee have called on the US Securities and Exchange Commission to conduct an inquiry into Chinese ride-hailing giant Didi Chuxing over its US$4.4 billion initial public offering last week.Senator Bill Hagerty, a Tennessee Republican, and Senator Chris Van Hollen, a Maryland Democrat, separately said America’s top securities regulator should conduct an investigation into statements made by the operator of China’s dominant ride-hailing app…

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By | 2021-07-09T13:00:19+00:00 July 9th, 2021|Technology|Comments Off on US senators call for inquiry into Didi Chuxing’s US$4.4 billion IPO following China’s crackdown