The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

China app giant Didi plans US stock market exit in a move to Hong Kong

Source: anewsa.com anewsa.com
News Snapshot:

|Didi's IPO was the biggest listing in the US by a Chinese company since Alibaba's debut in 2014. (Photo by= Reuters)| [Asia News = Reporter Reakkana] Chinese ride-hailing giant Didi Global has announced plans to take its shares off the New York Stock Exchange (NYSE) and move its listing to Hong Kong. BBC said that the firm has come under intense pressure since its US debut in July. Within days of the initial public offering (IPO), Beijing announced a crackdown on technology companies listing overseas. Earlier on Thursday the US market watchdog unveiled tough new rules for Chinese firms that…

Other China Tech Buzz: