Exclusive: China just gave a big F-U to America, hedge fund manager says
CNN
Kyle Bass, the hedge fund manager and outspoken critic of Beijing, says the timing of China's crackdown on ride-hailing app Didi is no coincidence.
"The Chinese believe deeply in symbolism and numerology," Bass told CNN Business on Wednesday. "Banning an IPO that just went public in the US -- with US investor money -- on our Independence Day was basically a big F-U to the United States." Didi's shares crashed by 20% on Tuesday after Chinese regulators announced on July 4th they were banning the platform from app stores in the country because it poses cybersecurity risks and broke privacy laws.
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