Which local competitors will boot them out? alibaba with its own anti-trust issues? didi has 90% of the market because the others have gone bankrupt or has avoided to compete. Even didi itself, like uber elsewhere, is not profitable just yet. Millions of people still use didi on a daily basis.
Chinese Economics Thread
- Thread starter Norfolk
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You have to be kidding? DiDi is just asking for China's regulatory bodies to intervene here, which will also come into conflict with America's regulatory bodies. This is a lose-lose for DiDi.
Well they deserve to get sued knowing that they were being investigated or at least on the minimum was implicitly told to hold off on the IPO but went ahead anyway; bloody f..ng idiots.
Guys and gals that's operating Didi will become the next "champions" of Democracy (unfettered greed, where corporations rule the country) and Human Rights (the flight and plight of the rich and wealthy supercedes the vast interests of the many) and may try to work with U.S. led and trained regime change people in China. After all such a strategy is but one of the many key strategic considerations that America is pursuing concurrent with Tibet, Xinjiang, Hong Kong, and Taiwan issues.
I do think its good to split up monopolies but it could have been handled better.
The corporate world is getting scared shitless first by Alibaba and now Didi. It's just unnecessary bad press
There should be a more formal process of intervention rather than relying on random app delistings, "disappearances", random punishments
The corporate world is getting scared shitless first by Alibaba and now Didi. It's just unnecessary bad press
There should be a more formal process of intervention rather than relying on random app delistings, "disappearances", random punishments
Any company just need to satisfy certain financial requirements to list in New York. There is no user data requirement. Trump wants China to allow US auditors to audit US listed Chinese companies, but of course China would not allow. But the finances of a company and their user data privacy are two different things.
Yes. We already had this discussion
Obviously Chinese authorities were going for a shock and awe campaign, which from the world's reaction, they achieved it.
So the message has been heard internally and externally. If you are looking for overseas listing, especially in US, prepare for hardcore investigation.
Anyway, for me, the regulator did the right thing (data security) however it was bad timing.
Message to everyone about US IPOs > proper rule of law
How much is 6.57 million tonnes? It's a huge increase in percentage but I suspect it is still miniscule compared to shipping