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China's Big Tech crackdown is attempt to keep IPOs closer to home: Pro

Shares of Didi Global were in the red again Wednesday morning. The Chinese ride-hailing giant saw its stock close Tuesday down nearly 20%. Didi was removed from China's WeChat and AliPay apps for new users on Wednesday. Dewardric McNeal, managing director at Longview Global and former Obama administration official, and James McGregor, chairman of APCO Worldwide's greater China region, joined "Squawk Box" on Wednesday to discuss how executives and investors should handle the fluid situation.
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Wed, Jul 7 20217:21 AM EDT