News Snapshot:
Didi said in its annual report published Monday that it was contacted by the U.S. Securities and Exchange Commission after the company went public. The SEC "made inquiries in relation to the offering," Didi said. Shortly after Didi went public last year, Chinese regulators opened up a cybersecurity probe into the company. Didi shares fell more than 5% in premarket trade on Wednesday. The U.S. Securities and Exchange Commission is investigating Didi after its tarnished initial public offering, adding further pressure on the Chinese ride-hailing giant. Didi said in its annual report, published Monday, that it was contacted by the...
