NPR.

Last year, the Chinese ride-sharing company DD launched its shares on the New York Stock

Exchange.

Our journey started on the streets of Beijing.

DD had a shiny prospectus with heartfelt messages about rider safety from its co-founders,

convenient, comfortable and affordable ride.

Anytime anywhere, life would be so much better.

And the company was a tantalizing bet.

It had successfully fended off Uber and China.

It had half a billion uses with room to grow.

We emerged as the world's largest mobility platform by early twits.

It shares cost $14 a piece.

So that means if you bought, I don't know, a thousand shares of DD for $14,000, you would

not be rich.

You would not be rich.

You would have about $2,000.

That is not rich.

Yeah, so your shares would have lost about 85% of their value in less than a year.

And we bring this up not to just tell the story about DD, because actually these kinds

of huge plummets have been happening all across the range of Chinese tech companies.

It is tied to this huge regulatory crackdown in China over the past year.

This is the indicator from Planta Money.

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