China asks Didi to delist from the U.S. due to security concerns

© Reuters. File photo: In this illustrated picture taken on July 7, 2021, the application logo of the Chinese ride-hailing giant Didi can be seen through the magnifying glass on the computer screen. REUTERS/Florence Lo/Illustration

(Reuters)-According to a Bloomberg News report on Friday, Chinese regulators have asked the executives of online ride-hailing giant Didi Global Inc to develop a plan to delist it from U.S. exchanges because of due to safety concerns.

The report quoted people familiar with the matter as saying that due to concerns about the leakage of sensitive data, the Chinese technology regulator wants management to withdraw the company from the New York Stock Exchange.

Didi did not respond to Reuters’ request for comment.

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