SHANGHAI: Chinese regulators have asked top executives of ride hailing giant Didi Global to devise a plan to delist from US bourses on data security fears, Bloomberg News reported.
Didi and the Cyberspace Administration of China did not respond to Reuters requests for a comment. Shares in SoftBank Group Corp, which has a minority stake in Didi, fell more than 5 per cent. If the privatisation proceeds, shareholders would likely be offered at least the US$14 per share initial public offering price, since a lower offer so soon after the June IPO could prompt lawsuits or shareholder resistance, the report said, citing sources.
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China asks Didi to delist from US on security fears - Bloomberg News:Chinese regulators have asked top executives of ride hailing giant Didi Global Inc to devise a plan to delist from U.S. bourses on Security fears, Bloomberg News reported.China's tech watchdog wants the management to take the company off the New York Stock Exchange on concerns about leakage of sensitive data
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US should not have any illusions about Taiwan, says ChinaBEIJING: There is no room for compromise over Taiwan and the United States should not have any illusions about this, China\u0027s Defence Ministry said on Thursday (Nov 25), adding that Washington had of late made a series of \u0022provocations\u0022 on several issues. China says the issue of Taiwan, which it claims as C
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US opposes China telecom's court bid seeking to block FCC actionWASHINGTON : The Federal Communications Commission has filed a motion opposing China Telecom Corp Ltd's court bid seeking to block the FCC's decision revoking the company's authorization to operate in the United States, a court document posted online showed.The motion, dated Nov. 23, was sealed. China's l
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