Pei Yi Mak and Venus Feng, Bloomberg News Signage atop the Didi headquarters in Beijing, China, on Friday, June 11, 2021. Chinese ride-hailing company Didi revealed a $1.6 billion net loss for 2020 as it moves ahead with plans for a U.S. initial public offering. Photographer: Gilles Sabrie/Bloomberg , Bloomberg
(Bloomberg)
The duo behind Didi Global Inc. lost $1.5 billion in wealth in two trading days as the Chinese ride-hailing giantâs shares plummeted in New York after Beijing cracked down on the company.
Cheng Wei, co-founder and chief executive officer, saw his net worth drop by about $1.2 billion, according to the Bloomberg Billionaires Index. Jean Liu, co-founder and president, shed about $300 million.
Why Didi Shares Are Falling and Why China Is Cracking Down?
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Didi duo lose US$1 5b as shares plunge on China s crackdown
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