FILE PHOTO: The app logo of Chinese ride-hailing giant Didi is seen through a magnifying glass on a computer screen showing binary digits in this illustration picture taken July 7, 2021. REUTERS/Florence Lo/Illustration

26 Nov 2021 10:54AM
(Updated: 26 Nov 2021 10:54AM)

Chinese regulators have asked top executives of ride hailing giant Didi Global Inc to devise a plan to delist from U.S. bourses on Security fears, Bloomberg News reported on Friday.

China’s tech watchdog wants the management to take the company off New York Stock Exchange owing to concerns about leakage of sensitive data, the report said, said citing people familiar with the matter.

Didi did not respond to a Reuters request for a comment.

(Reporting by Sneha Bhowmik; Editing by Arun Koyyur)

Source: Reuters

Also worth reading

Read More