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Didi Prepares U.S. Delisting, Hong Kong Share Debut


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© Bloomberg. A pedestrian stands behind a logo at the Didi Global Inc. offices in Hangzhou, China, on Monday, Aug. 2, 2021. China will step up oversight of its ride-hailing companies, adding to a widening campaign by Beijing to rein in its internet sector. Photographer: Qilai Shen/Bloomberg

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(Bloomberg) — Didi Global Inc. has begun preparations to delist in the U.S. and will start work on a Hong Kong share sale, the company announced on its Weibo (NASDAQ:) account. 

Chinese regulators had asked Didi’s top executives to devise a plan to delist from U.S. bourses, Bloomberg reported last week.

©2021 Bloomberg L.P.

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