I know some people play DiDi and figured this news was very relevant.
DiDi Plans Shareholder Meeting in May to Vote on U.S. Delisting
DiDi Global Inc. will hold an extraordinary general meeting on May 23 to vote on delisting its shares from the New York Stock Exchange, a sign the ride-hailing giant is heeding Beijing’s call to address concerns about how its data is handled abroad.
The company said in statement on Saturday it won’t apply to sell shares on any other stock exchange before finishing the move in the U.S., adding that it would continue to explore a potential listing on another internationally recognized exchange.
The China Securities Regulatory Commission said in a statement published on its website the same day that DiDi made the decision to delist based on the market and its own situation.
The Chinese government was angered by DiDi’s U.S. listing in mid-2021, and days later launched a cybersecurity probe into the firm and forced its services off domestic app stores. The agency in Beijing responsible for data security was later said to have asked DiDi’s top executives to devise a plan to delist because of concern sensitive data may leak.
