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Beijing Asks Didi to Delist from New York Stock Exchange

November 28, 2021
Source: tekedia.com tekedia.com
News Snapshot:
Chinese regulators have asked Didi Global Inc. to delist from the New York Stock Exchange, in the latest move to control the country’s tech giants, Bloomberg reports, citing people with knowledge of the matter. The report says the country’s tech watchdog wants management to take the company off the New York Stock Exchange because of concerns about leakage of sensitive data, quoting the people, who spoke on anonymity. They said the Cyberspace Administration of China, the agency responsible for data security in the country, has directed Didi to work out precise details, subject to government approval. Proposals under consideration include...
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