A rough ride lies ahead as Didi prepares for a Hong Kong listing
By delisting out of New York and switching over to Hong Kong, Chinese ride-sharing company, Didi, is setting a path for other Chinese technology groups that hold customer data.
A version of this article was first published on FinanceAsia.
The company known for moving people in China, is now heading out of the US.
In less than a year since its US initial public offering (IPO) in June, Chinese ride-hailing group Didi Chuxing (Didi) announced on Chinese blogging website, Weibo, its plans to delist from New York as well as preparation to reissue its shares in Hong Kong. The announcement on December 3 follows months of regulatory scrutiny from Beijing that …
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