Didi Global Inc. plans to delist from the U.S. and pursue a listing in Hong Kong, a move its board supports, the Chinese ride-hailing group said Thursday, as authorities in Beijing wrap up a cybersecurity probe into the company.

The announcement follows months of turbulence for Didi, which listed on the New York Stock Exchange on June 30 after raising about $4.4 billion from an initial public offering.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

India’s Upscale Housing Market Defies Global Trend

Real Estate Property Report Affluent Indians who throttled back on spending during…

Chicken Industry Tightens Defenses as Bird Flu Hits Flocks

The U.S. Department of Agriculture said Monday it had identified instances of…

Zillow Rolls Out Interactive Floor Plans as Video Tours Fall Flat

Zillow Group Inc. has introduced a feature that lets users virtually tour…

Selling Houses While Black

Tye Williams feels the heat. It’s 95 degrees out, and the North…