HONG KONG -- Embattled ride-hailing company Didi Global has cautioned shareholders that winning their support for a planned U.S. delisting was a must before it can complete a Chinese cybersecurity review and restore its app-based services.
Chinese regulators barred 26 of Didi's apps from taking on new customers and forced it out of local app stores as the company pushed ahead with a $4.4 billion initial public offering in New York last June -- despite Beijing's warning that it could pave the way for U.S. regulators to gain access to sensitive domestic data.
