Communications
Blood in the water - Richard Windsor explains why he believes the Chinese state intends to drive the value of the company to $0. Richard does not expect to see any let-up to the regulatory pressure now that government entities have invested $591m in rival firm Cao Cao Mobility. There is now a clear incentive to ensure that Didi goes out of business (it has already lost 30% of its user base and 50% of its opportunity since the crackdown began). Jean Liu is hoping that making an exit is going to save her company, but all the evidence points towards a far bleaker outcome.
Edition: 120
- 01 October, 2021