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Chinese regulators ask DiDi Global to withdraw from the New York Stock Exchange

November 27, 2021
Source: exbulletin.com exbulletin.com
News Snapshot:
China’s regulatory stance has become stricter, after the general cryptocurrency ban. The Chinese government initially had unveiled a five-year plan describing tighter regulation of much of its economy. In a recent development, Chinese regulators have asked senior executives at Didi Global Inc. to develop a plan to delist from the New York Stock Exchange. According to Bloomberg , said rejection was mainly due to concerns about the leak of sensitive data. Apparently, China’s Cyberspace Administration has asked Didi to work out specific details, subject to government approval. Proposals under consideration include direct privatization or float of shares in Hong Kong...
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