Friday, December 3, 2021

A top Chinese ride-hailing company delists from the NYSE just months after its IPO

The ride-hailing company Didi says it has about 600 million users, theoretically giving the company access to the addresses and travel history of many government employees who use the app.

The announcement reflects the rapid reversal in Didi Chuxing's fortunes as China goes on a regulatory blitz targeting some of the country's biggest private technology firms.

(Image credit: Nicolas Asfouri/AFP via Getty Images)

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