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Hello and welcome to Daily Crunch for December 3, 2021! I don’t know about you, but after watching stocks get hammered all day, I mostly want to snag a nap and breathe. But things were worse for DocuSign and Didi than they were for us, so we can take solace in that. What did Didi do? Well, let’s talk about it. —Alex
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Didi to delist: The latest detail from the dada-esque Didi disaster came today, with the Chinese ride-hailing giant announcing that it will delist from U.S. markets. It will, instead, list in Hong Kong. The Didi IPO, akin to the failed Ant debut, may become timeline markers of further decoupling of the Chinese market with the larger world.
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