Reuters reported in June Didi was in advanced talks with state-backed Sinomach Automobile to buy a third of its electric-vehicle unit in a bid to help cushion the impact of the pandemic on its core ride-hailing business. The delay in the return of the apps had cast a shadow over Didi's business plans. However, the return of Didi's banned apps had been delayed amid China's ruling Communist Party's twice-a-decade congress and central leadership reshuffle in November and Covid-19 outbreaks in many cities across the country after Beijing abruptly lifted tough virus curbs late last year.
delisting and a hefty penalty would put to rest its regulatory woes and had expected to relaunch the apps in September after updating them to ensure they are compliant, two sources have said. Personal Loans for 670 Credit Score or Lowerĭidi was also forced to end its 11-month-long journey as a New York Stock Exchange-traded company in June last year, turning it from a poster child of China's internet boom to one of the biggest casualties of Beijing's regulatory crackdown.
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