What happened The largest ridesharing company on the planet, China's DiDi Global (NYSE: DIDI), saw its stock price shrivel by more than 11% on Thursday. A Bloomberg article published that morning was the foot that slammed the brakes on the company. So what That article, crediting "people familiar with the matter," reports that Chinese authorities are mulling the imposition of significant penalties on DiDi. Those sources said this would effectively be punishment for the company's recent U.S. IPO, which it decided to go forward with despite resistance from China's Cyberspace Administration. Image source: Getty Images. A number of sanctions are allegedly being considered. Possibilities include financial penalties, the mandatory entry of the state as an investor, a delisting of the company's New York Stock Exchange-listed shares, and the suspension of some operations. Such deliberations are currently at an early stage. Three Chinese government entities plus DiDi were contacted for comment on the article; none responded to the requests. Now what DiDi's U.S. IPO in late June was initially considered a success, with the company raising $4.4 billion from the offering. Since then, however, Didi and other Chinese enterprises listed on U.S. markets have had targets painted on their backs. Didi's mobile app was forcibly withdrawn from app stores in China, depriving it of the ability to add new customers, and it now looks like more punishment is coming. The Bloomberg article and the resulting hit to DiDi's share price are a stark reminder of the risk faced by all Chinese companies with international ambitions -- if they run afoul of officialdom in Beijing, they will suffer the consequences. 10 stocks we like better than DiDi Global Inc.When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and DiDi Global Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source