Chinese Taxi App Didi Plummets on Wall Street

Chinese Taxi App Didi Plummets on Wall Street

The parent company of the Chinese taxi app Didi fell hard on Tuesday at the opening of the stock exchanges on Wall Street. The company lost almost 23 percent in market value due to an intervention by the Chinese government. He forced Didi to remove his app from various app stores because the company illegally collected data from users.