Technology

Didi shares sink on a report that Chinese regulators have asked it to delist from U.S.

Didi shares sink on a report that Chinese regulators have asked it to delist from U.S.

Shares of China’s Didi sank sharply on Friday after Bloomberg reported that Chinese regulators have asked the firm’s executives to formulate a plan to delist from the U.S. Didi shares closed down 2.59% in the U.S. amid a wider sell-off. SoftBank shares in Japan closed down by 5%. SoftBank’s Vision Fund owned more than 20% of Didi following its U.S. listing.

Click here to read more -->
×