DIDI INVESTOR UPDATE: ROSEN LAW FIRM PROVIDES INVESTORS UPDATED NEWS ON DIDI CLASS ACTION. DiDi Global Inc. Investors Are Encouraged to Participate in Class Action – DIDI | Business

NEW YORK – (BUSINESS WIRE) – Nov. July 2021–

Rosen Law Firm, a global investor rights law firm, has announced the security class action it has filed on behalf of the shareholders of DiDi Global Inc. (NYSE: DIDI) alleging that DiDi drove its initial public offering (“IPO”). despite Chinese regulators warning DiDi to postpone its IPO and address its regulatory concerns about customer privacy. As a result, shortly after DiDi’s IPO, China banned DiDi’s app from the country’s app stores, causing its share price to decline.

WHAT JUST HAPPENED: On July 22, 2021, before the markets opened, Bloomberg reported that Chinese regulators are “considering serious, perhaps unprecedented, penalties for Didi Global Inc.” after last month’s controversial IPO.[.]”Regulators weigh a variety of possible penalties, including” a fine, suspension of certain operations, or [. . .] a forced delisting or withdrawal of Didi’s US shares[.]”

Based on this news, DiDi’s shares fell another $ 1.30 / share, or over 11%, to close at $ 10.20 on July 22, 2021.

According to Bloomberg, Chinese regulators are likely to impose tougher sanctions than the Alibaba Group, which imposed a record $ 2.8 billion fine. Law firm Rosen has collected a record $ 250 million for Alibaba investors in this securities class action, which also resulted from its IPO.

This news provides additional evidence to support the securities claims that the Rosen Law Firm is enforcing on behalf of the DiDi investors.

WHAT TO DO NEXT: To participate in the future class action lawsuit, go to http://www.rosenlegal.com/cases-register-2113.html or call Phillip Kim, Esq. toll free at 866-767-3653 or email pkim@rosenlegal.com or case@rosenlegal.com for information about the class action.

WHY ROSEN LAW: We encourage investors to select skilled lawyers with a track record in leadership roles. Announcement companies often lack comparable experience, resources, or significant peer recognition. Be wise in choosing the advisor. Rosen Law Firm represents investors around the world and focuses its practice on securities class actions and shareholder derivatives. Rosen Law Firm has filed the largest class-action securities lawsuit ever against a Chinese company. Rosen Law Firm was ranked # 1 by ISS Securities Class Action Services for 2017 number of securities class action settlements. The firm has been ranked in the top 4 every year since 2013 and has reclaimed hundreds of millions of dollars for investors. In 2019 alone, the company raised over $ 438 million for investors. In 2020, founding partner Laurence Rosen was named Titan of Plaintiffs’ Bar by Law360. Many of the firm’s attorneys are recognized by Lawdragon and Super Lawyers.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210723005511/en/

CONTACT: Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen, PA law firm

275 Madison Avenue, 40th floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

lrosen@rosenlegal.com

pkim@rosenlegal.com

case@rosenlegal.com

www.rosenlegal.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: LEGAL SERVICES

SOURCE: Rosen Law Firm, PA

Copyright Business Wire 2021.

PUB: 7/23/2021 8:32 PM / DISC: 7/23/2021 8:32 PM

http://www.businesswire.com/news/home/20210723005511/en

Copyright Business Wire 2021.