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

SHUNSUKE TABETA, Nikkei staff writer

July 30, 2021 01:09 JST

Updated on July 30, 2021 05:10 JST

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.