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Didi IPO Ambition Marred by China Crackdown, Cash Burn Fears

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Didi IPO Ambition Marred by China Crackdown, Cash Burn Fears

(Bloomberg) — Didi Global Inc. is on the cusp of pulling off one of the biggest U.S. initial public offerings of the past decade, the culmination of five years of battling first Chinese regulators and then Covid 19. Now Beijing again threatens to spoil…

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