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China presses Didi Global to delist from US over data security fears

Cyberspace Administration of China (CAC) has asked the management to take the company off the US bourse

Didi
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Photo: Bloomberg

ReutersBloomberg Hong Kong/Shanghai
Chinese regulators have pressed top executives of ride hailing giant Didi Global to devise a plan to delist from the New York Stock Exchange due to concerns about data security, two people with knowledge of the matter told Reuters.
 
China’s powerful Cyberspace Administration of China (CAC) has asked the management to take the company off the US bourse due to worries about leakage of sensitive data, said one of the people. It also wants the ride-hailing giant to promise it would solve the delisting issue within a certain period of time, said the person.
 
The cyberspace regulator said,

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