Didi’s disastrous foray onto Wall Street is over
CNNHong Kong CNN Business — Shareholders voted Monday in favor of Didi’s plan to quit the New York Stock Exchange less than a year after China’s largest ride-hailing firm launched its $4.4 billion initial public offering. Just days after Didi’s Wall Street debut last summer, Chinese authorities banned the service from app stores in the country, and initiated a cybersecurity probe into the company. In an SEC filing earlier this month, Didi said it would not be able to resume normal business operations without completing the cybersecurity review required by Chinese authorities. Didi held an extraordinary general meeting on Monday evening in Beijing, where investors including SoftBank and Tencent voted by a huge majority in favor of withdrawing from Wall Street.
History of this topic
Didi Global plans to list on Hong Kong stock exchange in 2024: Bloomberg
Live Mint
Didi is facing an SEC probe into its botched IPO, company says
CNN
Didi departure from NYSE marks end of Wall Street romance with Chinese big tech
Hindustan TimesDidi Global plans to delist from New York, seek listing in Hong Kong
The Hindu
Premarket: Didi’s delisting could spell the end for Chinese stocks on Wall Street
CNN
China plans to ban US IPOs for data-heavy tech firms
Live Mint
SEC temporarily halts approvals of new Chinese IPOs after Didi debacle
CNN
China announces on-site Didi cybersecurity investigation
Associated PressDidi | A bump in the road
The Hindu
Didi, Alibaba, Tencent stocks roiled by worsening crackdown
CNN
EXPLAINER: Why China is investigating tech firms like Didi
Associated PressChina tech crackdown wipes out billions from Didi, other U.S.-listed firms
The Hindu
China tech crackdown wipes out billions from Didi, other US-listed firms
Live Mint
EXPLAINER: Why China is investigating tech firms like Didi
Associated Press
Didi shares crash after China bans it from app stores
CNNDidi says app takedown may hit revenue, other U.S.-listed Chinese firms probed
The Hindu
China suspends registrations of new Didi users, citing cybersecurity review
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