HomeNewsWorldChina asks Didi to delist from US on security fears

China asks Didi to delist from US on security fears

China’s tech watchdog wants the management to take the company off New York Stock Exchange owing to concerns about leakage of sensitive data, the report said, said citing people familiar with the matter.

November 26, 2021 / 08:30 IST

Chinese regulators have asked top executives of ride hailing giant Didi Global Inc to devise a plan to delist from U.S. bourses on Security fears, Bloomberg News reported on Friday.

China’s tech watchdog wants the management to take the company off New York Stock Exchange owing to concerns about leakage of sensitive data, the report said, said citing people familiar with the matter.

Didi did not respond to a Reuters request for a comment.

Reuters
first published: Nov 26, 2021 08:31 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347