Is DiDi Global Stock a Buy?

·4-min read
Is DiDi Global Stock a Buy?

DiDi Global (NYSE: DIDI), China's largest ride hailing company, went public five months ago at $14 per share. Its decline was caused by an abrupt government crackdown shortly after its public debut. After all, Uber (NYSE: UBER) -- which sold its Chinese business to DiDi five years ago -- trades at four times this year's sales.

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