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China’s Big Tech Crackdown Puts Dozens of U.S. IPOs at Risk

  • “A terrible hit to foreign investor appetite:” Ozkardeskaya
  • Didi shares on watch as U.S. trading resumes after holiday
China Blocks Didi From App Stores Days After Mega U.S. IPO
Photographer: Yan Cong/Bloomberg
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Chinese companies hoping to list in the U.S. now face a harder task in pitching their shares to prospective investors.

As Beijing probes Didi Global Inc. -- China’s version of Uber -- and two other firms that recently debuted on Wall Street, global equity managers are questioning if the regulatory threat posed by the Asian nation’s increasing efforts to control big data is a risk worth taking.