The Securities and Exchange Commission of the United States is probing Didi following its tainted initial public offering, putting further more pressure on the Chinese ride-hailing behemoth.
The SEC contacted Didi after the firm went public, according to the company’s annual report, which was released on Monday. Didi stated that the SEC “initiated enquiries in regard to the offering.”
“We’re collaborating with the inquiry, subject to strict adherence to PRC rules and regulations.” We have no way of knowing when, how, or what will happen as a result of such an investigation.”
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