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DiDi shares fall 22% on US delisting plan, lose $8 bn in market cap
short by Aishwarya Awasthi / on Saturday, 4 December, 2021
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.
read more at Reuters