Chinese App DiDi offloads its Shares From the New York Stock Exchange

Chinese ride-hailing platform DiDi global is taking off its shares from the New York Stock Exchange (NYSE). The decision came after the US market watchdog announced new rules for the Chinese firms listed in America. The company announced that it will start delisting on the New York Stock Exchange and start preparing for listing in Hong Kong after all the necessary research is done.

China’s internet regulator has ordered the online stores to remove the application from their stores as it collects the users' data. The new rule states that the US-listed foreign companies will be delisted if the auditors do not comply with the requests for information from regulators. It has pressured many Chinese technology companies along with DiDi Global.