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China presses Didi Chuxing to delist from NYSE over data security frets

November 27, 2021
Source: financial-world.org financial-world.org
News Snapshot:
Didi Chuxing Technology Co., the Beijing-headquartered transport company that transforms itself into a Chinese ride-hailing giant having had 550 million users and tens of millions of drivers in less than a decade , had been facing off steep pressures from Chinese regulators to engineer a plan to delist from US capital market over frets of potential data breach, a press agency report had unmasked on Friday’s morning US trading hours citing two unnamed people familiar with the subject-matter. On top of that, followed by the release of media topline, shares’ prices of US-listed Didi Global Inc., a subsidiary of the...
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Tags: app | Beijing | Biden | capital | censorship | China | Chinese | customer | Cyberspace Administration of China | data | delist | Didi | Didi Chuxing | engineer | Giant | Huawei | Internet | law | management | mobile | New York | stock exchange | stock market | technology | ZTE

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