Shareholders have voted 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
Hong Kong 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. That investigation made the firm a poster child for Beijing's crackdown on tech companies, and wiped tens of billions of dollars from its market capitalization.Didi's troubles came to a head in December when it said it would leave the US stock market, without giving a reason.
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