China Is Said to Ask Didi to Delist From U.S. On Security Fears

Nov. 26, 2021, 1:34 AM

Chinese regulators have asked Didi Global Inc.’s top executives to devise a plan to delist from U.S. bourses, people familiar with the matter said, an unprecedented request that’s likely to revive fears about Beijing’s intentions for its giant tech industry.

The country’s tech watchdog wants management to take the company off the New York Stock Exchange because of concerns about leakage of sensitive data, the people said, asking not to be identified discussing a sensitive matter. The Cyberspace Administration of China, the agency responsible for data security in the country, has directed Didi to work out precise details, subject …


See also  White House flag now at half-staff for Sicknick – Orange County Register

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.