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Didi’s Regulatory Troubles Might Just Be Getting Started



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In the paperwork Didi filed before its initial public offering, the Chinese ride-hailing platform gave no shortage of warnings to investors that regulators in Beijing were hovering.After China’s internet regulator, antitrust watchdog and tax authority summoned it and more than 30 other internet companies for a meeting in April, Didi said, the company examined its operations and “uncovered a number of areas which could be deemed problematic from the compliance perspective.” Even though government officials conducted on-site inspections, Didi said it could not guarantee investors that it would avoid penalties.Those warnings barely hinted at the sudden clampdown that …

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