China techDidi ekes out 1% gain after New York IPO pop fizzles
SoftBank-backed Chinese ride-hailer faces profit uncertainty in global competition
Chinese ride-hailing leader Didi Chuxing makes its New York Stock Exchange debut on June 30. © Reuters
YIFAN YU, Nikkei staff writer
PALO ALTO, U.S. -- Shares in Didi Chuxing, China's largest ride-hailing company, gave up strong initial gains to close with a 1% rise in its U.S. stock market debut Wednesday, as investors questioned the company's long-term profit path and regulatory headwinds.