Chinese companies face rocky path in tapping US markets

Some firms seek alternate listings amid tighter scrutiny by both countries

20210720 Didi Caixin IPO RC2NFO9KG3PR

A trader works during the IPO for Chinese ride-hailing company Didi on the New York Stock Exchange in New York on June 30.  © Reuters

GUAN CONG, QIAN TONG, YUAN RUIYANG and DENISE JIA, Caixin

The race by Chinese internet companies to raise money in the U.S. stock market this year came to an abrupt halt after Didi's rush to sell shares on the New York Stock Exchange without the blessing of Chinese authorities backfired.

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