Didi gets hit by Chinese government, and Pelo raises $150M
Equity
TechCrunch
4.2 • 372 Ratings
🗓️ 6 July 2021
⏱️ 6 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Good morning and welcome to Equity Monday for Tuesday, July 6th. |
| 0:13.6 | This is our weekly primer where we catch up on the news |
| 0:16.0 | and as always explore the numbers behind the headlines. |
| 0:19.6 | We're coming to you on a Tuesday because America was largely on holiday yesterday and that does mean yes we have a lot to get through today |
| 0:26.4 | Kicking off Asian stocks were mixed European stocks were down a fraction and American shares are |
| 0:31.4 | modestly lower in pre-market trading and in the last |
| 0:34.3 | 24 hours the crypto markets have largely been quiet. |
| 0:37.6 | With that let's talk about the last couple days. The biggest story for us to catch up on from the weekend is Dede. |
| 0:45.3 | The Chinese Ridehailing Company went public in the US last week, albeit at a price that |
| 0:49.8 | had us scratching our heads when compared to Uber, frankly, DD felt cheap. |
| 0:53.7 | Well, we may now know why the market was not willing to pay as much for DD's revenue as it was |
| 0:58.6 | for Uber's own. DD's woes with Chinese regulators got a lot worse over the weekend. |
| 1:03.8 | Recall that D.D. was hit with a cybersecurity review at the end of last week. |
| 1:08.0 | That decision halted the company's ability to on board new users, and that was bad. |
| 1:12.9 | Then over the weekend, D.D. |
| 1:14.3 | got into even hotter soup with its domestic regulators. |
| 1:17.3 | Here's Tech Runch. |
| 1:18.4 | China has ordered App Store operators |
| 1:20.6 | to remove the app of D.D. from their stores, the latest as tension escalates |
| 1:25.0 | between the nation's largest ride-hailing giant and local regulators. |
| 1:29.2 | The move comes after the Chinese internet watchdog announced a probe into D.D. |
| 1:33.4 | Over National Security Concerns earlier this week. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from TechCrunch, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of TechCrunch and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

