![]() In June, Didi clinched a highly anticipated $4.4 billion initial public offering on the New York Stock Exchange. to tighten control over data, which is regarded as an integral element of national security." "The rules are really tightening," said Lester Ross, a Beijing-based partner at law firm WilmerHale. ![]() ![]() The announcement reflects the rapid reversal in the transportation company's fortunes as China goes on a regulatory blitz targeting some of the country's biggest private technology firms. The ride-hailing company Didi says it has about 600 million users, theoretically giving the company access to the addresses and travel history of many government employees who use the app.īEIJING – The Chinese ride-hailing platform Didi Chuxing says it will delist from the New York Stock Exchange and instead move to the Hong Kong Stock Exchange after coming under intense Chinese regulatory scrutiny. ![]()
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