Didi didn't

[shri]

I would sell all my shares in Chinese companies if I wasn't losing so much in them.

Do you keep your worst performing employees around hoping that they might turn better some day?

[shri]

Local media are saying its "punishment" for listing overseas. Also seeing another report that the Chinese regulators had asked DIdi to postpone their IPO by a couple of weeks...

The "Giant ICON" under "Hong Kong 01" quoted sources close to China's financial regulators as saying that the central government's heavy hand on Didi was mainly because the company went public in the United States despite admonitions. According to reports, the regulatory authorities have communicated with Didi executives many times, stating that they do not want the company to be listed in the United States. The report quoted sources saying that the central government will punish Didi far more heavily than Ali.

https://news.mingpao.com/pns/%e7%b6%...9b%b4%e5%9a%b4

[Elefant&Castle]

Didn't read mingpao - but WSJ has an 'exclusive' that says similar thing - Didi was warned - prominent venture capitalists pushed to move ahead with the listing...

https://www.wsj.com/articles/chinese...d=hp_lead_pos1

[shri]

I suspect many of the local media are republishing that story with some added color.

[seirin]

Didn't read mingpao - but WSJ has an 'exclusive' that says similar thing - Didi was warned - prominent venture capitalists pushed to move ahead with the listing...

https://www.wsj.com/articles/chinese...d=hp_lead_pos1

That's going to saddle the underwriters with a settlement

[shri]

Any bets on what tonight's low and high will be?

[UK/HKboy]

Original Post Deleted

... and it came true!

[TheBrit]

Full Truck Alliance will be interesting too. A 20bn company with 2.5bn of sales.

[East_coast]

Is Lonovo next?

[shri]

Bloomberg said something about chives, I quoted it here: https://geoexpat.com/forum/417/threa...ml#post3811187 and then this happened...

At what point to people step back and view all of this as just absurd...