What happened? Chinese regulators are getting ready to conclude investigations into Didi and restore its mobile app as soon as this week, based on reports by the Wall Street Journal. Didi’s share price surged by about 50% in pre-market trading in the US, as investors cheered the news. The KraneShares CSI China Internet ETF (KWEB) also rose by more than 6% in the pre-market. What does this mean? The conclusion of investigations into Didi would provide some light at the end of the tunnel for the ride-hailing company. Didi has been at the centre of a broader crackdown on Chinese tech companies by the regulator. Shortly after its initial public offering (IPO) in the US in June last year, Chinese regulators said that an investigation had discovered problems with the way it collects and uses personal information. Thereafter, Didi’s app was removed from Chinese app stores. This led to a more than 10% decline in its revenue in 3Q21 compared to the previous year....