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Tim Culpan

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.

So long, Wall Street.

Photographer: Qilai Shen/Bloomberg
Updated on

(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.