Chinese authorities began checking the largest taxi service Didi after its IPO
The China Cyberspace Administration (CAC) launched an investigation into the largest taxi service, Didi, which led to a sharp drop in the company's shares, which raised more than $ 4 billion in an IPO in New York just a few days ago. The Chinese regulator announced the investigation Friday night, two days after the company's New York Stock Exchange IPO, in which it raised more than $4 billion, the largest US offering by a Chinese company since Alibaba's record $25 billion listing in 2014.