![China's largest ride-hailing app Didi went public in New York in July, the biggest Chinese IPO in the US since Alibaba's 2014 listing. Within days, Chinese regulators clamped down on the firm, ordering it to halt new registrations and remove its app from China's app stores while the company undergoes a cybersecurity review. AP](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/WHYEA4WZHMTJ4CYNQRTBXX26FQ.jpg?smart=true&auth=e44ad163fc57a72cd54061ec4ab18bddd12f5e900fddaa8b57e66a61d02ae01f&width=400&height=225)
China's largest ride-hailing app Didi went public in New York in July, the biggest Chinese IPO in the US since Alibaba's 2014 listing. Within days, Chinese regulators clamped down on the firm, ordering it to halt new registrations and remove its app from China's app stores while the company undergoes a cybersecurity review. AP
China's largest ride-hailing app Didi went public in New York in July, the biggest Chinese IPO in the US since Alibaba's 2014 listing. Within days, Chinese regulators clamped down on the firm, orderinShow more
Why China must usher its unicorns off Wall Street and back home
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Dr Shirley Yu is a political economist and a non-resident fellow at Harvard University
25 August, 2021