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As a ride-hailing company, Didi continues to face scrutiny from the Cyberspace Administration of China, amid reported national security concerns, the industry watchers interpret it as a warning to tech companies with overseas listing ambitions.
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IndusLaw has assisted Indian hotel chain OYO in raising $1 billion from existing investors, including Japan’s Softbank Group and Chinese ride-hailing giant Didi Chuxing.
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Sheppard, Mullin, Richter & Hampton and New York-based Hughes Hubbard & Reed have advised ride-hailing company Grab on a $2 billion investment from Chinese peer Didi Chuxing and Japan’s SoftBank Group, which turned to Paul, Weiss, Rifkind, Wharton & Garrison and Herbert Smith Freehills, respectively, for counsel.