Interviews detail Didi's fall due to China's crackdown, losing $60B+ in market cap in one year and blindsiding executives, after its $4.4B US IPO in June 2021 (Bloomberg)
Bloomberg:
Interviews detail Didi's fall due to China's crackdown, losing $60B+ in market cap in one year and blindsiding executives, after its $4.4B US IPO in June 2021 — It was an unusually frigid December weekend when Cheng Wei summoned his inner circle to his Beijing office.
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