Article by [author-name] (c) Business - South China Morning Post - Read full story here.
Didi Global, China ride-hailing giant, reveals it faces an SEC probe about its NYSE IPO, on top of Beijing’s scrutiny and looming delisting
The Chinese ride-hailing giant revealed in its annual report filed on Tuesday that it faces a probe by the US stock-market watchdog concerning its US$4.4 billion initial public offering last summer. The revelation adds to woes including a cybersecurity investigation and potential NYSE delisting.