Editor’s note: This is Mergers & Money, a monthly column by Senior Reporter Chris Metinko that covers dealmaking in the enterprise tech space.
On June 30, ride-hailing titan Didi went public to much hoopla and fanfare — raising $4.4 billion and the company’s profile even higher. However, it was what happened two days later that could affect the venture capital market.
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That was when the Cyberspace Administration of China announced it was launching an investigation of the company on suspicion it had violated data privacy and national security laws — causing shares to plummet 25 percent after the July 4 …