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China tech

Didi stock climbs on report of plan to go private

Ride-hailer denies tender offer brewing as China cracks down after New York IPO

Chinese regulators are reportedly concerned about the risk of Didi travel data leaking to the U.S.   © Reuters

BEIJING -- Didi Global, China's largest ride-hailing operator, closed 11% higher in New York Thursday on a U.S. media report that it is considering delisting from the New York Stock Exchange barely a month after its IPO as Chinese regulators turn up the pressure on the company.

The Wall Street Journal said a tender offer for Didi's publicly traded shares is among the options on the table amid "discussions with bankers, regulators and key investors about how it could resolve some of the problems that emerged" after the June 30 initial public offering.

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