Chinese Economics Thread

[KYli]

DiDi management team thinks it is so well connected but tell that to Alibaba, HNA, Anbang, and Wanda. These companies never understand that things are different now. I think the Chinese government is clearly concerned about these companies letting the US government to have unrestricted accessed to their data. I think many of Chinese entrepreneurs are really naive and have no backbone such as Zhang Yiming who craved after just a few hours.

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It also said it will revise rules for overseas listings, without elaborating.

 

[nugroho]

Man look at the pre-market. Thats 20% down! No way I am missing this. Anyway, I am long DiDi, I am not looking for investing short term for 6 months or 1 year. I am investing for a minimum of 5 yrs at the future.

DiDi is ripe for the picking. Even if worst news come in the future I will just buy more shares.

Ok excluding investing choice and advice, today is going to be a real bloodbath for DiDi.
Premarket already 20% down
View attachment 74366
View attachment 74367

sell my friend, invest in big biotech ( not the small ones ), better option

 

[KYli]

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[voyager1]

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Source says Didi pushed ahead with US listing before it had full clearance from CAC, forcing Beijing’s hand

Time for DiDi's CEO to "disappear" ala Jack Ma-style. Maybe throw him to jail for a week or so, to get his brain working again. This joker thinks that he is the Chinese Bezos.

Screw him and Jack Ma. Jail, "reeducation" and then let him out again. Lets see then if he has the guts to do this again.

Ah and also lets not forget the board of directors who approved the decision. They should face a similar treatment.

Until you make these capitalists fear for their lives they will never stop their criminal behaviour.

Law is law. They ignored the regulator, so they should all go for a nice week-long visit to a jail on the mountains.

 

[Tyler]

Time for DiDi's CEO to "disappear" ala Jack Ma-style. Maybe throw him to jail for a week or so, to get his brain working again. This joker thinks that he is the Chinese Bezos.

Screw him and Jack Ma. Jail, "reeducation" and then let him out again. Lets see then if he has the guts to do this again.

Ah and also lets not forget the board of directors who approved the decision. They should face a similar treatment.

Until you make these capitalists fear for their lives they will never stop their criminal behaviour.

Law is law. They ignored the regulator, so they should all go for a nice week-long visit to a jail on the mountains.

So did you buy didi stock as it crumbles? Seems like big chance of buying on the cheap.

 

[AssassinsMace]

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That would never happen in the US because pervs with cameras would be hanging around underneath the trains. They're probably not even thinking about that in China.

 

[KYli]

China's business elites stay out of politics. It is more like they do whatever they want until the Chinese government cracks down on them and their friends in the government no longer can protect them. The article from SCMP made it clear that the Chinese regulators want to delay DiDi IPO until the CAC has completed its review. DiDi just went ahead with the IPO and ignore CAC which forced the Chinese regulators' hands. DiDi is well versed in playing politics and Miss Liu certain feels her status would shield her from punishment.

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[Jiang ZeminFanboy]

Hope you haven't bought the "dip"

https://twitter.com/i/web/status/1412649869739577347

 

[Kaeshmiri]

China's business elites stay out of politics. It is more like they do whatever they want until the Chinese government cracks down on them and their friends in the government no longer can protect them. The article from SCMP made it clear that the Chinese regulators want to delay DiDi IPO until the CAC has completed its review. DiDi just went ahead with the IPO and ignore CAC which forced the Chinese regulators' hands. DiDi is well versed in playing politics and Miss Liu certain feels her status would shield her from punishment.

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Nothing but corporate greed and disregard for authorities resulted in this fiasco. Not even in US (where Corporates are so powerful) do they go against the regulators.
Didi will soon realize that they offer nothing unique to the market and local competitors will boot them out if this ban remains for long. Didi has what 90% market share in China? In ordinary circumstance this kind of monopoly shouldn't have been allowed in the first place. But as they say Better late than Never.

 

[voyager1]

Well that was fast.. Told you guys. Lawsuits would be flying everywhere

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The suits named Chief Executive Officer Will Wei Cheng, President Jean Qing Liu and several other executives and directors. Lead underwriters Goldman Sachs, Morgan Stanley and JPMorgan Chase & Co. were also named as defendants.

Didi listed several risks factors associated with doing business with a Chinese firm subject to Chinese regulation in its IPO prospectus, but the suits said the company failed to highlight the ongoing talks it was having with regulators in Beijing.

“Rather than disclose the known discussions into the company’s practices and non-compliance with relevant technology laws, the registration statement vaguely discussed China’s regulatory regime with regards to data security,” shareholder Rafael Espinal said in the New York suit.

Slam-dunk case against DiDi. There is no way DiDi can defend this case

Idk about the IPO underwriters. Maybe they will get away with because they are in this business for a long time and know how to cover themselves on their contracts...