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China’s Didi to Withdraw from New York After Beijing

December 22, 2021
Source: receive.news receive.news
News Snapshot:
Chinese ride-sharing company Didi said on Friday it would pull out of the New York Stock Exchange and prepare for a public directory in Hong Kong, a move that comes after months of tension by Chinese regulators who banned the company from boarding new users and ordered a cybersecurity investigation into its practices. Didi first announced his goal of delisting from the list on a Chinese social media platform Weibo, saying the resolution was made after a “careful investigation. “ Separately to Didi Global’s investors, the company said the move was legal through its board of directors. Instead of buying...
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Tags: America | app | applications | ban | Beijing | bid | board of directors | boycott | China | Chinese | cybersecurity | diplomacy | Hong Kong | ipo | mobile | national security | New York | retail | social media | stock exchange | stocks | United States | USA | Washington | Weibo

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