How Didi's govt relations team navigated myriad regulators, until IPO dustup

How Didi's govt relations team navigated myriad regulators, until IPO dustup

REUTERS/Carlos Jasso

Didi Global successfully navigated China’s regulatory thicket for years, but the ride-hailing giant’s 200-plus government affairs team’s reliance on personal contacts with officials left it partly exposed to a shocking crackdown by Beijing, sources say.

The government-relations firepower, which helped keep Didi on the road through safety scandals and lack of operating permits in many cities, failed to fully anticipate how dramatically the regulatory environment was changing as the company ploughed ahead with a $4.4 billion New York listing late last month.

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