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.
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.
Didi Global said late last month that it would exit Russia on March 4 due to poor earnings, only to reverse course less than a week later in response to an online backlash.
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