"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." The fact that the crackdown by China wasn't announced until after Didi went public cost some American investors dearly. The company's market value fell to $57 billion on Wednesday, down from nearly $70 billion the day it went public. In the interview, he called on US financial regulators to do more to protect American investors from the whims of Chinese regulators. "That basically says Chinese companies can rape and pillage American investors for the next three years.

Source: CNN July 07, 2021 19:18 UTC