Didi gets withdrawn from Wall Street| MENAFN.COM

Saturday, 02 July 2022 06:17 GMT

Didi gets withdrawn from Wall Street


(MENAFN) Less than 12 months following its U.S. stock debut, Didi Global, Chinese ride-hailing huge firm, is set to be withdrawn from Wall Street. Most of stakeholders voted to halt exchanging the company’s stakes through the New York Stock Exchange.

The firm says the excluding is vital to finishing a cybersecurity review to reposition in Hong Kong and continue normal processes in China. The act is China's vital technology firms face intense inspection at houses as well as abroad.

Beijing has been going after a broad shutdown on the field, from hitting e-commerce company Alibaba with a record fine to obligating Tencent, a social media firm, to halt the roll out of the latest applications.
It obligated Didi to be withdrawn from app markets in 2021 and released an investigation, mentioning information collection worries, days following the company moved forward with its New York listing, in opposition to authorities' desires.

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