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‘Chinese Uber’ Didi confirms Wall Street exit

May 24, 2022
Source: cyber-rt.info cyber-rt.info
News Snapshot:
BEIJING, 24 May 2022: Ride hailing app firm Didi, dubbed the “Chinese Uber,” yesterday announced its decision to stop trading on Wall Street in June after the move gained support from its shareholders. The company was listed on the US market a year ago despite apparent opposition from the Chinese authorities. The company, at the extraordinary shareholders’ meeting held yesterday in Beijing, said it secured more than 96% votes in favour of the proposal to leave the New York market. The decision will be formally conveyed to the relevant authorities around June 2, 10 days after which its exit is...
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