The Didi Chuxing app shown on a smartphone on April 18, 2018. Didi plans to lay off staff as it faces increased losses amid an unresolved cybersecurity probe and a delisting process in New York in favour of the Hong Kong stock exchange. Photo: SCMP
Didi Chuxing starts companywide lay-offs amid unresolved cybersecurity probe, ongoing delisting in New York
- Lay-offs at China’s largest ride-hailing firm could affect 20 per cent of employees outside of its autonomous driving and international business units
- Didi Chuxing has faced a cybersecurity probe and mounting losses since its IPO last summer, culminating in an announced delisting in New York
The Didi Chuxing app shown on a smartphone on April 18, 2018. Didi plans to lay off staff as it faces increased losses amid an unresolved cybersecurity probe and a delisting process in New York in favour of the Hong Kong stock exchange. Photo: SCMP
