July 26, 2021

Info IEC

Business & Finance Information

Day: July 7, 2021

SINGAPORE—China’s regulatory motion in opposition to

Didi International Inc.

DIDI -19.58%

threatens to impinge on the Chinese language ride-hailing behemoth’s development because it faces growing competitors at house and struggles to increase into new nations and new strains of enterprise.

Whereas the Beijing-based firm’s U.S. preliminary public providing valued it at greater than $67 billion, Didi faces a raft of challenges because it seeks to remain within the black after years of losses from burning money to win clients, whilst economies around the globe bounce again from the pandemic.

Didi reported a quarterly revenue of about $800 million within the