I think the Chinese gov is beginning to understand the impact to its economy if their agencies continue to disrupt the business of their own tech company.
Didi future plans showed a pipeline of exciting projects such as robotaxi and autonomous vehicles. They also rival Baidu in their push for intelligent vehicles. Time to put on your buying hat.
Tiger, Didi and China stocks heading up after Chinese regulators met with banks that they are not out to mess up their own Chinese companies. I think the Chinese govt is trying to clarify and re-assure the market that they have no intention of doing harm or being anti-business. Meaning no delisting of stocks. But the stronger regulation will come and the penalty will be meted out. As such, similar to what happened to Alibaba, the regulators will still have their way and send the right message to all future Chinese companies.
While they are profitable, they are constantlyaffected by regulatory risk. One of the highest category of risk. However, these 2 company are beginning their road to overcoming these risk by spending a lot more resources on legal and compliance with the Chinese govt and US govt. I believe they will continue to expand the legal and compliance dept to fix this. Give a year or 2 and they will overcomethis.