China regulators ask DiDi Global to delist from New York Stock Exchange
ambcrypto.comChina’s regulatory stance has been getting more stringent, post the blanket ban on cryptocurrency. The Chinese government had initially unveiled a five-year plan outlining tighter regulation of much of its economy.
In a recent development, Chinese regulators have asked Didi Global Inc.’s top executives to devise a plan to delist from the New York Stock Exchange. According to Bloomberg, the said rejection was mainly because of concerns about leakage of sensitive data.
Reportedly, the Cyberspace Administration of China directed Didi to work out precise details, subject to government approval. Proposals under consideration include straight-up privatization or a share float in Hong Kong followed by delisting from the U.S.
Not so surprisingly, this
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