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Didi shares tank as merchants react to China’s crackdown

The shares of ride-hailing giant Didi Chuxing plunged up to 25% in pre-market trading on Tuesday, less than a week after the Chinese app was listed on the New York Stock Exchange.The company's share price fell to $ 12.06 in early trading on…

China Orders Didi Off App Shops in Escalating Crackdown

China’s government ordered the country’s leading ride-hailing platform, Didi, removed from app stores for “serious” problems related to the collection and use of customer data, the latest blow by Beijing to the company, which went public on…