Beijing asks Didi to delist from US

Beijing asks Didi to delist from US – report

By Agence France-Presse

Nov 27, 2021 12:06 am

BEIJING, China: Regulators in China have asked ride-hailing giant Didi to draw up a plan to delist from the United States over data concerns, a report said on Friday, as Beijing continues its tight scrutiny of domestic tech giants.

Over the past year, several of the country's biggest companies — including Alibaba, Tencent and Meituan — have been swept up in a regulatory crackdown that has clipped the wings of major internet firms wielding massive influence on consumers' daily lives.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Oil prices edge higher in thin holiday trading

Japan's budget to hit record $735 billion

Japan to maximize use of nuclear power

Taiwan blocks Uber-Foodpanda merger

JAL suffers delays following cyberattack

Thailand's November exports 8.2% higher than 2023

China to raise deficit, boost spending next year