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Didi's ride from the NYSE to OTC: 5 things to know

Chinese company's transition to Pink Market may not be dead end for investors

Didi Global had a solid debut on the OTC Pink Market on Monday, rising 7.4%.    © Reuters

NEW YORK -- Didi Global's 11-month ride on the New York Stock Exchange came to an end last Friday as the company withdrew its listing in hopes of persuading Beijing to allow the ride-hailing operator to resume signing up new customers.

Didi has been in the doghouse with Beijing since it went forward with its $4.4 billion initial public offering a year ago on the eve of the Chinese Communist Party's centenary celebrations -- despite officials' concern that the listing could give American regulators access to sensitive domestic data. The authorities responded to Didi's defiance by ejecting its apps from leading app stores and instituting the new client ban.

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