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Beijing presses Didi to delist from US over data security fears — sources The Edge Markets

November 27, 2021
Source: theedgemarkets.com theedgemarkets.com
News Snapshot:
- A + A HONG KONG/SHANGHAI (Nov 26): Chinese regulators have pressed top executives of ride hailing giant Didi Global Inc to devise a plan to delist from the New York Stock Exchange due to concerns about data security, two people with knowledge of the matter told Reuters. China's powerful Cyberspace Administration of China (CAC) has asked the management to take the company off the US bourse due to worries about leakage of sensitive data, said one of the people. It also wants the ride-hailing giant to promise it would solve the delisting issue within a certain period of time,...
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Tags: app | Beijing | Bloomberg | China | Chinese | consumer | cybersecurity | Cyberspace Administration of China | data | delist | delisting | Didi | EDGE | fund | Giant | Hong Kong | ipo | mobile | national security | New York | Shanghai | stock exchange | technology | Tencent | United States

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