Chinese regulators reportedly want Didi Global’s top executives to remove the company from the New York Stock Exchange over concerns about sensitive data leaks. Didi’s New York-listed shares fell 2.9 per cent at Friday’s close. (Bloomberg)
Chinese regulators reportedly want Didi Global’s top executives to remove the company from the New York Stock Exchange over concerns about sensitive data leaks. Didi’s New York-listed shares fell 2.9 per cent at Friday’s close. (Bloomberg)
Chinese regulators reportedly want Didi Global’s top executives to remove the company from the New York Stock Exchange over concerns about sensitive data leaks. Didi’s New York-listed shares fell 2.9 per cent at Friday’s close. (Bloomberg)
Talking point: The Cyberspace Administration of China reportedly asked the tech giant to consider privatization or a transition of its shares from the U.S. to Hong Kong. Beijing’s unprecedented request comes amid a flurry of government clampdowns across a wide range of industries, including tech, that started last year. The crackdown has stifled unfettered growth in the private sector and led to an uncertain business environment for investors and companies. Meanwhile, in another example of tightening regulations, China’s State Administration for Market Regulation proposed new rules Friday to increase oversight over the internet-advertising sector.
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