"After careful consideration, (Didi) will start the process of de-listing from the New York stock exchange from today, and start preparations for listing in Hong Kong," the company said in a statement on social media. De-listing could form part of a raft of punishments for Didi, which infuriated Chinese officials by ploughing ahead with its US IPO despite pushback from Beijing.īEIJING: Chinese ride-hailing giant Didi Chuxing said Friday it would start the process of de-listing its shares from the New York stock exchange, shortly after US regulators adopted a rule that would allow them to remove foreign firms.ĭidi's move comes in the wake of a sweeping Chinese regulatory crackdown in the past year that has clipped the wings of major internet firms wielding huge influence on consumers' lives - including Alibaba and Tencent - and just months after its mammoth New York debut.
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