Name: DiDi to Delist From New York, Seek Listing in Hong Kong
Uploaded: 2021-12-04T07:08:00.000Z
Description: Chinese ride-hailing giant DiDi will be delisting from the New York Stock Exchange. The company`s shares plunged by 20 percent since the announcement Friday.

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Chinese ride-hailing giant DiDi will be delisting from the New York Stock Exchange. The company`s shares plunged by 20 percent since the announcement Friday.

It's a result of the company giving in to pressure from Chinese regulators worried about data security.

The company will instead seek a listing in Hong Kong.

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