EDM 1 – Issue 540

Didi goes up a gear in the ride-sharing race as it heads for IPO

Also: who is Taiwan’s richest man (and how he’s not in the tech sector); China Telecom eyes A-share market after bidding farewell to the Big Apple; and domestic tourism surges over May ‘Golden Week’, bringing travel chaos

Plus: iQiyi’s hit series is pulled because of the milk wastage it prompted; the insurtech sector is latest to face regulatory probe, hurting Waterdrop’s post-IPO performance; and how an Italian World Cup winner is playing the shi system at Guangzhou FC