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Didi To Delist From NYSE, Down 55% Since IPO

Chinese ride-hailing company Didi has had a rocky ride after its $4.4 billion IPO last July. Almost immediately after listing the Chinese government cracked down on them hard, banning new downloads of their app. The ostensible reason was national security concerns but it comes as the Chinese government is implementing a broader crackdown on technology companies, especially those listed overseas. In just the past few days, Didi announced they will be delisting their shares from the New York Stock Exchange and will pursue a new listing in Hong Kong. In this video we look into the specifics of the Didi delisting and what this could mean for other US-listed Chinese stocks going forward. Email us: [email protected] Check out our website: https://wallstreetmillennial.com/ #Wallstreetmillennial #Didi