News Snapshot:
China is reportedly weighing “unprecedented” penalties for Didi after the ride-sharing giant went public in the US in June despite a crackdown from its home country’s cybersecurity regulator. China’s government may forcibly introduce a state-owned investor to the company’s board or force the Didi — popularly known as the “Chinese Uber” — to delist or withdraw the $4.4 billion in shares it listed on the New York Stock Exchange last month, Bloomberg reported Thursday, citing people familiar with the matter. More conventional punishments that regulators are considering reportedly include imposing a fine or forcing the company to suspend parts of...
