Hedge fund founder Anthony Scaramucci told CNBC on Wednesday that the Chinese government’s crackdown on Didi Global, just days after the ride-hailing giant went public in the U.S., is “a direct assault on global capitalism.”
“The bad news for the Chinese and the United States now is, if you’re a capital allocator in the United States, the risk premium just went up dramatically in China,” the founder and co-managing partner of SkyBridge said on “Squawk Box.”
Scaramucci’s comments came one day after shares of Didi plummeted more than 19% as Wall Street processed a series of regulatory investigations and restrictions facing the company.
The stock was down another 4% Wednesday morning in premarket trading to below $12 per share as the company’s main app was removed from Tencent’s WeChat messaging service and Ant Group’s Alipay for new users.
