IPOS - DiDi Global Full Truck Alliance and Kanzhun's stocks fall again as China crackdown grows

da-kuk/E+ via Getty Images Chinese app firms DiDi Global (DIDI), Full Truck Alliance (YMM) and Kanzhun Ltd. (BZ) fell yet again on Thursday as Beijing continues to tighten its grip on the Asian nation’s companies that list in the United States. DIDI fell 5.9% to close at $11.21, down 5.9% on the day and 37.8% from its recent $18.01 post-IPO intraday high. YMM likewise sank to $15.13, off 11% for the session and 33.6% since its late June intraday peak. Meanwhile, BZ ended at $31.20, 2.3% lower for the day and 30.6% below its $44.96 post-IPO high. Beijing began cracking down in recent days on Chinese firms that list in New York as China apparently aims to reassert control over its popular Big Techs. In the latest news, Reuters cited unnamed sources as saying that Chinese firms aiming to list overseas will need approval from whatever government ministries oversee them

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DiDi Global, Full Truck Alliance and Kanzhun’s stocks fall again as China crackdown grows