Ever since Didi‘s IPO in June 2021, the company has been thrusted with assorted investigations in the domestic market. The regulators’ actions left the ride-hailing giant’s rivals with a rare opportunity to challenge Didi’s grip on the market. Q4 2021 hedge fund letters, conferences and more Didi’s IPOOn June 30, 2021, Didi Global Inc., which facilitated 88% of ride-hailing trips in China in the fourth quarter of 2020, went public in New York. This blockbuster IPO, amounting to USD 4.4 billion, was the second biggest US float by a China-based company, after Alibaba, giving Didi a market value …