Didi Global’s Revenue Falls 12.7% Amid Preparations for U.S. Delisting

Didi Global Inc. mentioned Saturday its fourth-quarter income fell 12.7% from the identical interval a 12 months earlier because the ride-hailing agency, beneath a cybersecurity investigation by Chinese regulators, prepares to delist from the New York Stock Exchange.

The Chinese ride-hailing firm, primarily based in Beijing, individually mentioned it could maintain a shareholders assembly May 23 to vote on its delisting from the NYSE. To cooperate with the persevering with cybersecurity probe, Didi mentioned, it received’t search a public itemizing elsewhere earlier than the U.S. delisting is accomplished.

Source hyperlink

Leave a Reply

Your email address will not be published.