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Ukraine war

Chinese companies confronted with quandary over Russia operations

Didi reverses course over plans to withdraw, while Tik Tok suspends service

A truck transports a shipping container with the logo of China Shipping Group at a commercial port in the Baltic Sea town of Baltiysk in the Kaliningrad region of Russia.   © Reuters

BEIJING -- The U-turn by China's top ride-hailing app was swift and decisive, reflecting the delicate balancing act Chinese businesses must grapple with concerning their Russian operations.

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