, Columnist
Didi’s Secrets Risk China's Wall Street Future
The potential U.S. delisting of China’s ride-hailing giant shows how Beijing’s interpretation of security casts a dark shadow on investors globally.
So long, Wall Street.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
(This column was originally published on Nov. 29. Today, DiDi Global Inc. announced that it’s preparing to delist from the U.S. and debut in Hong Kong.)
A possible delisting of DiDi Global Inc. at the behest of Beijing risks repercussions well beyond the fortunes of those who bought into the Chinese ride-hailing company. Tech companies from Tencent Holdings Ltd. and SoftBank Corp. to asset managers BlackRock Inc. and Vanguard Group need to be prepared.