Science

Didi Global denies wanting to withdraw from the New York Stock Exchange

BEIJING (Reuters) – Chinese ride-hailing giant Didi Global on Thursday denied considering a withdrawal from the New York Stock Exchange, the Wall Street Journal claims.

In its Thursday edition, the American daily argues that Didi is carrying out such a project to appease the Chinese authorities and compensate for the losses suffered by its investors since its IPO in the United States.

In a statement, Didi rejects “a rumor” and specifies to cooperate with the Chinese administration of cyberspace.

The Chinese group entered Wall Street on June 30 after raising $ 4.4 billion (3.7 billion euros). Uber’s competitor placed 317 million shares at a price of $ 14 a unit, valuing it $ 67.5 billion on an undiluted basis.

Didi has since been the target of the Chinese Cyberspace Administration (CAC), at the initiative of an investigation into the company that it accuses of having illegally collected the personal data of its users, citing an imperative of “national security “.

The CAC announced in early July that it would withdraw 25 mobile applications operated by the Didi Global group from the smartphone application stores.

U.S.-listed Didi shares, which jumped 40% to $ 12.42 in pre-market trading, have lost about 37% of their value since going public.

(Report Tony Munroe, with the contribution of Chavi Mehta and Eva Mathews in Bangalore, French version Laura Marchioro, edited by Sophie Louet)

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