China tech crackdown wipes out billions from Didi, other US-listed cos

China tech crackdown wipes out billions from Didi, other US-listed cos

REUTERS/Carlos Jasso

Didi Global Inc shares slumped as much as 25% in U.S. pre-market trade on Tuesday, ahead of its first session since Chinese regulators ordered the company’s app be taken down days after its $4.4 billion listing on the New York Stock Exchange.

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