Didi shares sink as China crackdown intensifies. With CNBC’s Melissa Lee and the Quick Cash merchants, Man Adami, Tim Seymour, Dan Nathan and Karen Finerman. For entry to reside and unique video from CNBC subscribe to CNBC PRO:
Chinese language ride-hailing large Didi got here underneath strain once more on Thursday amid a report that Beijing is contemplating harsh penalties from an enormous superb to even a pressured delisting after its IPO final month.
Shares of Didi fell greater than 10%, bringing its month-to-date losses to 27%. Bloomberg Information reported Chinese language regulators are planning a slew of punishments towards Didi, together with a superb seemingly greater than the file $2.8 billion that Alibaba paid earlier this 12 months.
The penalties may additionally embrace suspension of sure operations, delisting or withdrawal of Didi’s U.S. shares, the report stated, citing individuals acquainted with the matter. Didi didn’t instantly reply to CNBC’s request for remark.
Didi shares have dropped about 25% since its market debut on June 30 when it began buying and selling at $14 a share.
Final week, officers from seven Chinese language authorities departments visited the ride-hailing large’s workplaces to conduct a cybersecurity overview. The ride-hailing large was pressured to cease signing up new customers and its app was additionally faraway from Chinese language app shops.
The Our on-line world Administration of China alleged that Didi had illegally collected customers’ knowledge.
Beijing is stepping up its oversight on the flood of Chinese language listings within the U.S., that are overwhelmingly tech firms. The State Council stated in a current assertion that the principles of “the abroad itemizing system for home enterprises” can be up to date, whereas it’ll additionally tighten restrictions on cross-border knowledge flows and safety.
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China flexing its power.
What's hard for most people to grasp is that, China has morphed from an oligarchy to an autocracy: Everything that happens between now and fall 2022 will be about Xi showing strength and consolidating power to be crowned emperor for life. The negative headlines about cracking down on the overly powerful Chinese tech names between now and then will be unrelenting.
I'm guessing Trump is right about removing Chinese companies from U.S stock exchange, but it's not going to happen until two or three years later. 😕 😞
China shooting itself in the foot again!!! WTF are they thinking?
Jim Cramer Buy Didi IPO!!
Jim Cramer Also : Stay away from it!
lesson learned… never invest in China, ever. They have burned their own bridge.
I bought 10k shares at 8,40$ after another 18% dip risky play but i think they will find the way out of this situation since 13milion+ drivers are using it as the way of living
bloomberg's source " Trust me bro"
DiDi – 90% market share and no profits???? The CCP isn't their only problem.
&*()*(_+_++()_*U_)American virus/American flu
Coronavirus originated in the United States. Two virus leaks occurred at the U.S. Virus Laboratory in
Fort Detrick, Maryland, U.S. in 2019.On October 18, 2019, the 7th Military World Games was held in Wuhan china. American soldiers brought the coronavirus to Wuhan. the United States virus infected the world.Americans are trying to hide the truth
The flu comes from the U.S., Covid-19 come from the United States.
Strong business model…Buying the dip… Cheap cheap cheap
If you are stupid enough to follow advice of CNBC and invested in the ipo, you deserve to be down.
dont buy DIDI ever . going to 0
China does not want Chinese companies to be listed in US stock exchanges.
I know how to make a ton of money off of stocks……do the opposite of Jim Cramer 🥴! Works every time. I think this only one he's been right on (and that's a stretch) is AAPL.
I bought because Jim Cramer pumped it. Hahaha. Now I’m a bag holder. thanks Jim!
It was Cramer’s kiss of dead
Cathie Wood of ARK Fintech Innovation ETF – She dumped China stocks and bought Paypal, Square, Coinbase and others for the ETF. The CCP's hit on DiDi says move your money if it's in China or the Hong Kong markets. Also China wants the digital Yen. Another reason to invest in Bitcoin. China does not want in.
D-list all the Chinese stocks. Please don't guide American investors in wrong directions.
CHINA is REGULATING because BIG TECH is RAPING everyone in the WORLD, "DUH!!!"
Apparently,this is a great video . However,Bit|coin is on quite the run, with little sign of stopping. I know people hate saying "this time is different" but the amount of banks, institutions, and companies who have invested hundreds of miIIions of doIIars with the intent to hold long term: how can we refute that this may be the "super cycle" everyone is talking about? The conditions of this buII market are unIike anything we have ever seen. βͲ↻ still has a ways to go in terms of gro wth, I have been in the crypt0 world for just over a year now and I have been able to make 31 βͲ↻ foIIowing the reasonable adv!se and tradn s!gnals from Tom Davies, a pro anaIyst that is always one step ahead of other tradrs, he runs a program for serious minded investor/newbies who are curious to e arn from bit coin regardless of the current price chart. You can easily get_to Tom Davies on 🆃🅴🅻🅴🅶🆁🅰🅼 (@TomDavies_TSingnals) for all crypto related inquiries…
Imagine listening to cocaine cramer
DIDI deserves every bit of this punishment … It should be delisted from the US market …
It has monopoly. It has data protection issue and ignore Chinese gov advice to delay IPO. It has all ingredients to be hammered by Chinese regulator. How low can this go?
ALL ABOUT MY TRUTH….. RESOURCES AND LANDS.
BORN A TARGET ON MY EARTH….
Bought 1000 shares 2 weeks ago, but then sold last week thank god. It will not be delisted, but I hope it drops to $5 as this will be a hell of a stock if we hold for a long time.
Anyone who listened to Cramer is going to be dumpster diving for dinner.
Too many people in USA got slaughtered DiDi stock some people bought it at 14 12. 11 10
Today some people bought it at $8 let see Monday up to $9 sell again
Never listen to Jim is TV show
Everything is crooked
Pharma trade is crazy crooked
Now I'm done for a year I invest. Always loss
I feel china is rigged
CCP is broke and needed their cash…..Soooooooooo!
This is fake news by Bloomberg. China regulations didnt talk to anyone. It market manipulation by Bloomberg for hedge funds to short Didi.
Dident the U.S try to stop pension funds from investing in Chinese companies ? looks like China dont want that either.
Jim "buy it with both hands" Cramer.
Thinking smart Chinese communist party are not stupid they are smart they want control of a great part of the stock by using the Hong Kong exchange because they want more $$$$ and power just like the US that has the NY stock exchange. That's the reason i think they want to take over Hong Kong. The stocks might get diluted for a bit but they will pick up very quickly after that because the Asian market would be able to invest easier at the Hong Kong exchange. US government won't delist the Chinese companies because the US makes billions from the Chinese companies when they trade of the NY stock exchange. They are playing their smart cards at this moment. Maybe China is buying their stocks at these very low prices and laughing on every person that's selling out. When people are fearful is when u buy…..🤑🤑🤑🤑🤑🤑
****This is not an advise this is just for entertainment purposes***
Xi is just trying to look tough, now he's using the Stalin playbook… Weak…
Never invest in Chinese companies
Haha wall street never learns. Never invest in china
YOU LOSERS INVESTED IN COMMUNISM CHINA. HAHAHA CCP STOLE YOUR MONEY
DATME: https://ok.me/ehOj
—p—o—r—n——s—e—x————۞
CHOOSE YOUR DREAM GIRL
!💖🖤❤️#今後は気をライブ配信の再編ありがとうです!#この日のライブ配信は、#かならりやばかったですね!#1万人を超える人が見ていたも
ん(#笑)#やっぱり人参最高!#まさかのカメラ切り忘れでやら1かしたのもドキドキでした
#今後は気をライブ配信の再編ありがとうです!
#この日のライブ配信は、
#かならりやばかったですね!
#1万人を超える人が見ていたもん( #笑)
#やっぱり人参最高!
#まさかのカメラ切り忘れでやら1かしたのもドキドキでした #垃圾
China is helping US in delisting all Chinese companies. US must appreciate this kind gesture.
U
Can’t believe people are still buying Chinese stocks, no one had learnt from alibaba and luckin coffee? All accounting numbers and auditing from Chinese companies is totally fake how can you still invest when knowing these facts alone. CCP is using US markets to profit from US investors, it’s a form of financial warfare. This is not Jim Cramers fault it’s your fault if you bought DiDi despite knowing all these facts!
Personally I think US government should outright ban Chinese companies from listing on their exchanges
Green color coming up