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China tech

China to put overseas-listed tech companies on shorter leash

Tougher oversight poses market decoupling risk for IPO hopefuls

Didi shares slumped as much as 25% in U.S. pre-market trade ahead of their first session since the Cyberspace Administration of China ordered the company's app be removed from app stores.   © Reuters

SHANGHAI/NEW YORK -- Beijing will ramp up supervision of Chinese companies on overseas markets and new listings, citing concerns about information security in plans unveiled Tuesday after authorities launched investigations into U.S.-listed tech names such as Didi Global.

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