China wants DiDi to delist from U.S. on security fears
$DiDi Global (Delisted)(DIDI.US$ Chinese regulators have asked top executives at DiDi Global to devise a plan to delist from U.S. stock exchanges.
The Cyberspace Administration of China, the agency responsible for data security in the country, has directed DiDi to work out precise details of taking the company off the New York Stock Exchange because of concerns about leakage of sensitive data, according to the report.
Proposals under consideration include a straight privatization or a share float in Hong Kong followed by a delisting from the U.S., Bloomberg says.
Didi moved ahead with its NYSE offering this summer despite requests from Chinese regulators that it ensure the security of its data, sparking threats of severe penalties.
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迎接虎年 : Safety concerns are not the cause at all; face-related issues are the Chinese government's considerations
Lenny Waite : So why the American companies do business with China, if they will screw us on each and every opportunity
Homer Fendrick : Western world should start moving the production out of China. Not sure why India is not preferred. And you have also other countries around China that would welcome factories.
Turan No Homer Fendrick: Central and South American labor is cheap as well. And may solve some of the immigration "in flow" concerns.
Baby putsomemusic : BABA next
Ajou : What does this mean for BABA and KWEB ?
Venita Fair Ajou: I fear baba will move under 130 support today
Hallie Sanchirico Ajou: -4% pre market.
MonkeyGee : Don't really understand why every countries is so insure with themself. They all need metal help!
MonkeyGee Homer Fendrick: I tell why India is no perferred!