Didi bows to China pressure, will delist from NYSE months after its debut

Just five months after its debut, ride-hailing giant Didi Global said it plans to withdraw from the New York Stock Exchange and pursue a Hong Kong listing, a stunning reversal as it bends to Chinese regulators angered by its US IPO. The company’s shares were down around 15% after swinging between gains and losses in premarket trading... Read The Rest at :