DiDi Delisting From NYSE, Applying to List in Hong Kong Instead After Buckling Under Pressure From Chinese Regulators

The logo for Chinese ride-hailing company Didi Global Inc. is pictured during the IPO on the New York Stock Exchange floor in New York City, on June 30, 2021. Brendan McDermid/Reuters

Chinese ride-hailing giant DiDi is delisting from the New York Stock Exchange (NYSE) and applying to list in Hong Kong instead, just months after making its debut in the United States, the company announced Friday.

“Following careful research, the company will immediately start delisting on the New York stock exchange and start preparations for listing in Hong Kong,” the company said on its account on the Chinese microblogging network, Weibo.