Car service withdraws from the New York Stock Exchange

Peking The Chinese transport service provider Didi (Didi Chuxing) wants to withdraw from the New York Stock Exchange. In a brief message on the Twitter-like social network Weibo, the company announced on Friday that it would take appropriate steps with immediate effect.

Instead, Didi wants to start preparing for an IPO in Hong Kong. According to information from financial news agency Bloomberg, citing people familiar with the matter, Didi plans to apply for listing on the stock exchange around March.

The transport service provider, which is following a similar model to its American counterpart Uber, has come under heavy pressure from Chinese regulators in recent months. Although there had apparently been criticism from regulators of the company’s data protection, the company pulled off a long-planned IPO in New York in June, which raised $ 4.4 billion – and thus angered the Chinese authorities.

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