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The end of DIDI’s probe kickstarts a new era of growth
$DiDi Global (Delisted) (DIDI.US)$
The renewed interest in Chinese tech follows state media reports stating that Chinese regulators are concluding their cybersecurity investigations into ride sharing giant DIDI.
“Just as $BABA-W (09988.HK)$ Alibaba’s Ant Financial IPO debacle marked the beginning of Beijing’s unprecedented regulation of technology firms in China, the end of DIDI’s probe could mark the beginning of regulatory normalcy that kickstarts a new era of growth,” said Stansberry analyst, Brian Tycangco.
The renewed interest in Chinese tech follows state media reports stating that Chinese regulators are concluding their cybersecurity investigations into ride sharing giant DIDI.
“Just as $BABA-W (09988.HK)$ Alibaba’s Ant Financial IPO debacle marked the beginning of Beijing’s unprecedented regulation of technology firms in China, the end of DIDI’s probe could mark the beginning of regulatory normalcy that kickstarts a new era of growth,” said Stansberry analyst, Brian Tycangco.
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