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Beijing orders Chinese Uber to leave Wall Street. Didi prepares the delisting

November 27, 2021
Source: d1softballnews.com d1softballnews.com
News Snapshot:
The executives of the Chinese technology company Didi Global received a request “that cannot be refused”, citing the famous phrase from The Godfather. The Technological Supervisory Authority of the People’s Republic has in fact asked the leaders of the big tech – the largest company in the world of passenger transport services – to develop a plan for the delisting from US stock exchanges: according to Bloomberg reports, this is an unprecedented demand that rekindles fears about Beijing’s tightening of control over its gigantic tech industry. The supervisor wants management to take the company off the New York Stock Exchange...
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Tags: Alibaba | Beijing | Bloomberg | China | Chinese | Cyberspace Administration of China | data | delisting | Didi | Giant | government | Hong Kong | initial public offering | ipo | KONG | legal | listing | loss | management | New York | online shopping | Sanctions | stock exchange | technology | United States

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