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Didi Global Plans To Delist Itself From New York And Seek Listing In Hong Kong

December 4, 2021
Source: digitalmarketnews.com digitalmarketnews.com
News Snapshot:
Didi Global announced that it would delist from the New York Stock Exchange and look for a listing in Hong Kong after they had received significant pressure from Chinese regulators concerning data security. Didi Global ran afoul of Chinese authorities by pushing ahead with its $4.4B US IPO in July even though they were asked to put it on hold while a review of its data practices was conducted. The powerful Cyberspace Administration of China (CAC) then quickly ordered application stores to remove 25 mobile apps operated by Didi Global and also told the company to stop registering new users,...
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Tags: applications | China | Chinese | cybersecurity | Cyberspace Administration of China | data | delist | delisting | Didi | English | Hong Kong | ipo | IT | KONG | listing | mobile | national security | New York | New York Stock Exchange | research | Reuters | Security | social media | stock exchange | Weibo

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