China steps up supervision of overseas-listed firms after Didi IPO drama

U.S.-listed Chinese companies including Full Truck Alliance and Kanzhun Ltd were also set to open lower on Tuesday after the CAC on Monday announced cybersecurity investigations into their affiliated businesses. Crackdown on Didi opens a new front in China's tech assertiveness: this is now a question of sovereignty," investment research provider TS Lombard's China economist Rory Green wrote in a note.

via Economictimes