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Didi withdraws from the NY stock market, under pressure from the Chinese authorities

December 4, 2021
Source: bullfrag.com bullfrag.com
News Snapshot:
Didi, the well-known private transportation service company, announced this Friday that it has decided to withdraw from the New York Stock Exchange –After only five months after starting to be listed on it–, to go public in Hong Kong, mainly due to pressure from Chinese regulators. “After careful investigation, the company will immediately begin delisting on the New York Stock Exchange and will begin preparations for listing in Hong Kong,” Didi said on his Weibo account, the Chinese social network that is similar to Twitter. . According to Reuters, his sources reported last month that Chinese regulators lobbied top Didi...
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