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Didi Global considers going private to placate Chinese authorities

July 30, 2021
Source: disruptive.asia disruptive.asia
News Snapshot:
(Reuters) -China’s Didi Global is considering going private to placate Chinese authorities and compensate investor losses since the ride-hailing firm listed in the United States, the Wall Street Journal reported on Thursday. The company has been mulling delisting plans as crackdown in China widens and it has received support from cybersecurity regulators, according to the report, which cited people familiar with the matter. The about-turn by Didi Global comes just about a month after it listed on the New York Stock Exchange. Days after its $4.4 billion US listing, China’s cyberspace regulator launched a probe into the company and asked...
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Tags: Alibaba | app | China | Chinese | crackdown | cybersecurity | delisting | Didi | investor | IT | listing | mobile | national security | New York | New York Stock Exchange | NYSE | online shopping | pricing | privatization | report | Reuters | ride-hailing | stock exchange | stock market | United States

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