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China’s Didi to Withdraw from New York After Beijing

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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