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China calls on Didi to withdraw from US over security concerns

News Snapshot:

Chinese regulators have squeezed top executives of ride hailing giant Didi Global Inc to devise a plan to delist from the New York Stock Exchange because of worries about information security, two individuals with information on the matter told Reuters. China’s incredible Cyberspace Administration of China (CAC) has requested that the management take the company off the U.S. bourse because of stresses over spillage of delicate information, said one of the people. It likewise needs the ride-hailing giant to promise it would settle the delisting issue inside a certain period of time, said the person. Proposals under consideration include a…

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