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Chinese regulators suggested Didi delay its U.S IPO: Fintech Zoom

February 2, 2022
Source: fintechzoom.com fintechzoom.com
News Snapshot:
Chinese regulators suggested Didi delay its U.S IPO: Fintech Zoom (Reuters) – China’s cybersecurity watchdog suggested Didi Global Inc delay its initial public offering and urged it to review its network security, weeks before the Chinese ride-hailing giant went public, the Wall Street Journal reported on Monday, citing people familiar with the matter. It isn’t known whether Didi carried out its own review, according to the Fintech Zoom report. But a person close to the company told the newspaper the company ultimately decided to go ahead with the IPO as it faced increasing investor pressure for a big payout. The...
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