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.
Some firms seek alternate listings amid tighter scrutiny by both countries
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
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.