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.
