Chinese Regulators Investigate Didi Global After U.S. Debut

The security is now pacing for its second-straight week of losses

Jake Scott

Deputy Editor

Jul 16, 2021 at 1:09 PM

didi

State officials from seven Chinese government departments conducted an on-site visit of ride-hailing name DiDi Global Inc (NYSE:DIDI) today, with the objective of performing a cybersecurity review of the company. The visit came as regulatory pressures intensify, with China calling on its tech industry to implement stricter measures to securely store user data. The investigation also ordered the company to remove its apps from China, and happened just two days after DiDi Global raised $4.4 billion from its U.S. initial public offering (IPO).

In response, DIDI was last seen down 3.4% to trade at $11.94. Though the security has only been trading for a couple of weeks, it has finished higher just four times, and is now pacing for its second-straight week of losses. Quarter-to-date, DiDi Global stock has lost 15.7%.

Analyst attention is still scarce, but the one brokerage firm covering DIDI calls it a "buy." Plus, the 12-month consensus price target of $25 is a staggering 110.3% premium to current levels.

Follow @Schaeffers

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.