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Investors are preparing to vote on whether China's ride-hailing app Didi will delist from the NYSE after year-long slide that erased $60 billion from its market value
1 month ago | By Business Insider
Didi, a popular ride-hailing platform in China, is about to find out on Monday whether it can move on to the next phase in a year-long clash with Beijing that wiped more than $60 billion from its market value. BRENDAN MCDERMID/Reuters
Didi investors are expected to decide Monday whether the company should delist from the NYSE.
The vote follows a year-long dispute between Didi and Beijing authorities.
Last June, Beijing warned Didi against listing on the NYSE, flagging cybersecurity concerns.
Didi, a popular ride-hailing platform in China, sometimes called "China's Uber," is about to find...
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