“The Chinese believe deeply in symbolism and numerology,” Bass told CNN Business on Wednesday. “Banning an IPO that just went public in the US — with US investor money — on our Independence Day was basically a big F-U to the United States.”
“They knew this was going public. They knew they were going to ban it from app stores and shut it down,” said Bass, the founder and chief investment officer of Hayman Capital. “Nothing happens without the behest and pleasure of [Chinese President] Xi Jinping.”
The fact that the crackdown by China wasn’t announced until after Didi went public cost some American investors dearly. Didi is extremely reliant on its home market for revenue. The company’s…
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