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U.S.-listed Chinese stocks take a hit as Didi exits NYSE

December 4, 2021
Source: exbulletin.com exbulletin.com
News Snapshot:
Dec. 3 (Reuters) – U.S.-listed shares of Alibaba, Baidu, JD.com and other Chinese companies fell on Friday as rideshare giant Didi Global Inc’s (DIDI.N) decision to end. withdrawing from the New York Stock Exchange added to concerns over tighter regulatory control at home and strained Sino-US relations. Shares of Didi, which is currently pursuing a Hong Kong listing after succumbing to pressure from Chinese regulators concerned about data security, plunged 22.2% to close at $ 6.07. The company had priced its IPO at $ 14 apiece in June to raise $ 4.4 billion. Read more “This will now set a...
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