| Founded | 2012 |
|---|---|
| Closed | 2021 |
| Country | China |
| Sector | Mobility |
| Total raised | $20B+ |
| Collapse type | Sudden Collapse |
| Founder | Cheng Wei |
Didi (regulatory crackdown)
"China's Uber. $73B IPO. Chinese regulators destroyed it in 48 hours."
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Didi Chuxing, China's dominant ride-hailing platform, raised over $20B and IPO'd on the NYSE in June 2021 at a $73B valuation.
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