DIDI’s app remains online for its existing users in China but the suspension on new downloads and registrations could throttle its near-term growth. Therefore, the biggest challenges for DIDI personally I believe will be to bring its app back online, comply with China's new cybersecurity, data privacy, and labor regulations, and allay investors' fears about a potential delisting And DIDI isn't the first Chinese company to face a suspension of its app. Even as new registrations and downloads were suspended, DIDI’s ride-haling orders in China still rose 13.1% in July over the previous month, according to the Ministry of Transport, outpacing the 10.7% growth for the entire market. Those numbers indicate DIDI’s revenue -- and stock -- might surge once its app comes back online in China.
But, moving onto the technical side of things, with the little chart we have it’s forming a descending triangle on the daily here. I’d keep this on your watchlist in case of a break to the upside or downside.