How can China ride-hailing company Didi walk through the dilemma

By Necolas Sherman

China ride-hailing giant Didi, known as "China Uber" has achieved double-digit revenue growth for the fifth consecutive quarter and is reportedly considering going public in Hongkong.

After prolonged regulatory scrutiny, Didi Globle began to recover from its regulatory challenges in early 2023 when it received permission to relaunch its apps.

In 2021, Didi found itself in the spotlight of China's cyberspace regulator over its pursuit of a U.S. initial public offering without obtaining approval, prompting an inquiry that prohibited it from adding new users and resulted in many of Didi's apps being removed from major app stores.

Right now it should be a sigh of relief for Didi due to the alleviation of the dilemma what Didi has been facing.

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