Didi Chuxing raised US$4.4 billion with its New York initial public offering (IPO) New York at the end of last month. Photo: Bloomberg Didi Chuxing raised US$4.4 billion with its New York initial public offering (IPO) New York at the end of last month. Photo: Bloomberg
Didi Chuxing raised US$4.4 billion with its New York initial public offering (IPO) New York at the end of last month. Photo: Bloomberg
Zhou Xin
Opinion

Opinion

Zhou Xin

Didi won’t be last IPO to pursue New York listing, but China’s cybersecurity review closes loopholes

  • China’s tech firms with more than 1 million users must undergo a cybersecurity review before being allowed to list on foreign exchanges
  • Didi Chuxing had pulled in US$4.4 billion with its New York IPO, but just two days after, its stock price was sent crashing as Beijing announced a cybersecurity review

Didi Chuxing raised US$4.4 billion with its New York initial public offering (IPO) New York at the end of last month. Photo: Bloomberg Didi Chuxing raised US$4.4 billion with its New York initial public offering (IPO) New York at the end of last month. Photo: Bloomberg
Didi Chuxing raised US$4.4 billion with its New York initial public offering (IPO) New York at the end of last month. Photo: Bloomberg
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Zhou Xin

Zhou Xin

Zhou Xin now leads the technology news team at the Post following stints as Political Economy Editor and Deputy China Editor. He has previously worked for Reuters and Bloomberg in Beijing.