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Ride-hailing firm Didi faces antitrust probe in China: Report
short by Hiral Goyal / on 17 Jun 2021,Thursday
China's market regulator has begun an antitrust probe into Didi Chuxing ahead of the ride-hailing startup's IPO in the US, Reuters reported. The SAMR is investigating whether Didi used any competitive practices that squeezed out smaller rivals unfairly, it added. Didi's IPO is expected to be the biggest Chinese IPO in New York since Alibaba's $25 billion float in 2014.
short by Hiral Goyal / 11:35 pm on 17 Jun
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