Why is Didi stock going down?
Why is Didi stock going down? HONG KONG/NEW YORK, July 6 (Reuters) - Didi Global Inc (DIDI. N) shares fell as much as 25% in early U.S. trading on Tuesday in the first session since Chinese regulators ordered the company's app to be taken down days after its $4.4 billion listing on the New York Stock Exchange.
Is DiDi available in USA?
What Is the Difference Between DiDi Chuxing and Uber? Both company's offer ride-hailing services. DiDi actually bought Uber's China operations in 2016, so Uber no longer operates in China. At the same time, DiDi does not operate in the U.S.
Is DiDi still operating?
Chinese ride-hailing giant Didi plans expansion after Beijing's crackdown on the firm ends. Didi is planning expansion this year, the company said on Thursday. Didi said it plans to cover more cities with its services. In January, Didi's apps returned to app stores in China after being removed in July 2021.
What is happening with Didi in China?
Didi was banned by Chinese regulators from taking on new users and its app not available from mid-2021 until January 2023. The ride-hailing firm was fined $1.2 billion in July 2022 over data-security breaches.