Why Does Beijing Want to Destroy Didi? What’s in DIDI’s Data that CCP Fears? | Zooming In China

Why Does Beijing Want to Destroy Didi? What’s in DIDI’s Data that Makes CCP Angry and Afraid?
The disastrous IPO of Didi Global in early July has set off a firestorm for all Chinese companies looking to be listed on U.S. stock exchanges. Following their $80 billion valuation after two days of trading, Didi, China’s equivalent to Uber, looked to be a rising star with the largest IPO of any Chinese company since Alibaba in September 2014. But in going forward with their IPO, they had rejected a request from the Chinese government to postpone that IPO until their public filing documents could be thoroughly reviewed by the Cyberspace Administration of China. The Chinese government quickly responded, placing Didi under a mandated cybersecurity review and removing their apps from all Chinese app stores.

Why is the Chinese Communist Party so angry with Didi and is trying to destroy Didi? China observers say the answer may lie in Didi’s data. Why is it so? Simone Gao explains.

Zooming In China is an in-depth, investigative program produced and hosted by the award-winning journalist, Simone Gao. The program focuses on China and US-China relations. It is known for never shunning tough, controversial issues or complex stories. Exclusive interviews and reports from China, insight from top experts on the U.S. and China, good storytelling, and engaging visual presentations make Zooming In one of a kind.

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