Didi Shareholders Vote to Delist From NYSE in Wake of China's Tech Crackdown

Plans to file with SEC on or after June 2 to delist shares
Chinese ride-hailing giant reversed gains to close 4% lower

WATCH: China’s ride-hailing giant DiDi said it has notified the NYSE of its decision to proceed with its planned delisting. Yiqin Shen reports.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Coco Liu and Yiqin Shen

May 23, 2022 at 12:56 PM UTC

Updated on

May 23, 2022 at 8:21 PM UTC

This article is for subscribers only.

Didi Global Inc. secured the blessing of shareholders to delist from the New York Stock Exchange, capping an 11-month ordeal that wiped out around $70 billion of its market value and turned the ride-hailing giant into a symbol of China’s tech crackdown.

It plans to file the required paperwork with the US Securities and Exchange Commission on or after June 2 in order to delist, Didi said in a statement Monday. Its shares closed 4% lower, after gaining as much as 10% at the trading open.