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Inside Didi’s $60 Billion Crash That Changed China Tech Forever

by Bloomberg News
June 30, 2022
in Business
Reading Time: 1 min read
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But that fall, Didi administration remained assured issues would end up all proper, in accordance with individuals accustomed to the scenario. Actually, days after the apps elimination, managers informed workers to start out making ready a relaunch technique. In conferences after the CAC unveiled its motion, executives started deliberating varied quantities to set aspect for a possible fantastic, at one level budgeting 10 billion yuan ($1.5 billion), individuals accustomed to the deliberations stated — a pittance by Didi’s requirements on the time. Liu was in “good spirits” regardless of the questioning, joking with mates on telephone calls, stated one particular person accustomed to the matter.





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