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U.S.-listed Chinese shares take a hit as Didi to exit NYSE – NewsBreak

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Dec 3 (Reuters) – U.S.-listed shares of Alibaba, Baidu, JD.com and other Chinese firms fell on Friday as ride-hailing giant Didi Global Inc's (DIDI.N) decision to delist from the New York Stock Exchange added to worries over stricter regulatory scrutiny at home and tense Sino-U.S. relations. Shares of Didi, which is now pursing a Hong Kong listing after succumbing to pressure from Chinese regulators concerned about data security, plunged 22.2% to end at $6.07. The company had priced its IPO at $14 apiece in June to raise $4.4 billion. read more "It will now set a precedent for other U.S.-listed…

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