Didi has begun preparations to withdraw from US stock exchanges and will start work on a Hong Kong share sale, a stunning reversal as it yields to demands from Chinese regulators that had opposed its American listing. Photo: Bloomberg
Didi has begun preparations to withdraw from US stock exchanges and will start work on a Hong Kong share sale, a stunning reversal as it yields to demands from Chinese regulators that had opposed its American listing. Photo: Bloomberg
SCMP Editorial
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Opinion

Editorial by SCMP Editorial

Data security rules key with city riding high in Didi U-turn

  • As the company quits New York to prepare for a blockbuster relisting, Hong Kong has to make sure it gets the balance right to ensure that other China firms follow

SCMP Editorial
SCMP Editorial

Updated: 8:00am, 4 Dec, 2021

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Didi has begun preparations to withdraw from US stock exchanges and will start work on a Hong Kong share sale, a stunning reversal as it yields to demands from Chinese regulators that had opposed its American listing. Photo: Bloomberg
Didi has begun preparations to withdraw from US stock exchanges and will start work on a Hong Kong share sale, a stunning reversal as it yields to demands from Chinese regulators that had opposed its American listing. Photo: Bloomberg
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