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DiDi’s defiant IPO in New York

The reaction is pragmatic and even surprisingly offensive. The Chinese ride service provider DiDi Chuxing is currently suffering from attacks by China’s regulatory authorities. Now the company is planning an IPO – and is being emphatically open about its regulatory problems. DiDi bluntly lists all potential charges it could face from the State Administration for Market Regulation (SAMR) in Beijing. These include violations of the antitrust law and “unfair competition methods”.

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