News Snapshot:
One message is coming through ever more clearly from China’s increasingly sprawling crackdown on ride-hailing giant Didi Chuxing: Consider Hong Kong. That’s starting to look like less of a preference and more of a directive. China’s internet regulator, the Cyberspace Administration of China (CAC), has proposed changes that would require companies with over 1 million users that want to list overseas to go through a review by its Cybersecurity Review Office, making it an additional gatekeeper for IPOs abroad. The proposal followed on the heels of the regulator’s launch of probes into Didi, which listed on the New York Stock...
