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China tech

Didi shares fall 4% as shareholders back U.S. delisting

Chinese ride-hailer endures complex cybersecurity review by Beijing since IPO

Didi has faced a series of challenges since pushing forward with its $4.4 billion IPO in New York last year.   © Reuters

HONG KONG -- Shares of Chinese ride-hailing company Didi Global fell 4% on Monday after shareholders voted in favor of the plan to delist from the New York Stock Exchange "as soon as practicable."

The shares had surged more than 11% in premarket trading, but closed at $1.44. 

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