Chinese ride-hailing giant DiDi is delisting from the New York Stock Exchange (NYSE) and applying to list in Hong Kong instead, just months after making its debut in the United States, the company announced Friday. “Following careful research, the company will immediately start delisting on the New York stock exchange and start preparations for listing in…
DiDi Delisting From NYSE, Applying to List in Hong Kong Instead After Buckling Under Pressure From Chinese Regulators
Beijing Launches Antitrust Probe Into Tech Giant Alibaba, Scrutinizes Ant Group
Two Chinese companies founded by billionaire Jack Ma have come under Chinese regulators’ scrutiny, including with the launch of an antitrust probe. On Dec. 24, China’s State Administration for Market Regulation announced on its website that it has launched an investigation into e-commerce site Alibaba over its monopoly practices, such as a policy that forces…
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