Posted inChina

China’s Didi facing a record fine: report

Chinese regulators could hit ride-hailing giant Didi Chuxing with a more severe punishment than Alibaba’s record fine, only weeks after its contentious New York initial public offering, a report said. Despite pushback from China against the move, Didi on June 30 went ahead with its debut in New York, surging 10%. However, only days later […]