DiDi shares fall 22% on US delisting plan, lose $8 bn in market cap

China's ride-hailing firm DiDi Global's shares fell over 22%, after it announced it plans to withdraw from the New York Stock Exchange and pursue a Hong Kong listing, losing about $8.4 billion in market value. Its shares have fallen about 57% since its June IPO. Chinese regulators had reportedly pressed DiDi's top executives to devise a plan to delist.