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Didi, the "Chinese Uber", denies the rumors of exit from the New York Stock Exchange

2021-07-29T14:03:12.098Z


The chauffeur-driven vehicle application contradicts information from the Wall Street Journal, in an attempt to calm tensions with China.


Didi, the "

Chinese Uber

", has just denied the hypothesis of an exit from the New York Stock Exchange in order to appease Beijing's anger, an option mentioned a few hours earlier by the American press.

"

The rumors about the exit from the Stock Exchange are false

" wrote the group in a message posted on the social network Weibo.

Read also: Uber's Asian competitor raises $ 2 billion

The

Wall Street Journal

had however affirmed that Didi could leave the American financial center, in return for financial compensation for its shareholders, when China is carrying out an investigation in connection with the collection of private data from the company.

The company's Beijing headquarters held discussions with key bankers, regulators and investors on how to resolve some of the issues after Didi broke into the New York Stock Exchange on June 30,

” the daily claims. American affairs, citing sources familiar with the matter.

A conflict with China

The exit from the Stock Exchange, involving a public offer to buy back the securities, was one of the options initially mentioned, specifies the American newspaper.

This news jumped by 17.6% the title of the giant of the VTC in electronic transactions before the opening of the American markets on Thursday.

Denying these rumors, Didi claims on Weibo that he is "

actively and fully cooperating in the review of cybersecurity

" with Beijing.

The company dominates the market for the reservation of cars with driver (VTC) in its country, but by order of the authorities the application can no longer be downloaded.

The measure is however of no consequence for users who have already installed it on their phone.

Read also: The great takeover of Beijing sows doubt among the tech giants

Regulators and investigators from several ministries landed in mid-July at Didi headquarters to review security issues around personal data, an operation of unprecedented magnitude.

These setbacks come after the raising of 4.4 billion dollars (3.7 billion euros) by Didi when it joined the New York Stock Exchange at the end of June, to which Beijing was not favorable.

They come against a backdrop of growing rivalry with Washington, especially in the field of tech, with Beijing now fearing that crucial data accumulated by its giants will leak abroad.

Source: lefigaro

All news articles on 2021-07-29

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