KEY POINTS
  • Bloomberg News reported Chinese regulators are planning a slew of punishments against Didi, including a fine likely bigger than the record $2.8 billion that Alibaba paid earlier this year.
  • The penalties could also include suspension of certain operations, delisting or withdrawal of Didi's U.S. shares, the report said, citing people familiar with the matter.

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Chinese ride-hailing giant Didi came under pressure again on Thursday amid a report that Beijing is considering harsh penalties from a massive fine to even a forced delisting after its IPO last month.

Shares of Didi fell more than 10%, bringing its month-to-date losses to 27%. Bloomberg News reported Chinese regulators are planning a slew of punishments against Didi, including a fine likely bigger than the record $2.8 billion that Alibaba paid earlier this year.

In this article