DiDi Had To Postpone Its IPO After Jack Ma's Ant: Bloomberg

DiDi Global Inc DIDI had to pull the brakes on its Hong Kong listing as it failed to satisfy China's concerns over sensitive data leak, Bloomberg reports.
Uber Technologies Inc's UBER Chinese counterpart remained vulnerable to the possible derailing of its listing plans and regulatory penalties.
The ride-hailing company's main apps were removed from local app stores in 2021 remained suspended for the time being.
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Didi looked to finalize its fourth-quarter results as required for a listing prospectus.
Didi became one of the biggest targets of China's tech-sector clampdown after it pushed through a $4.4 billion U.S. IPO in June.
The ride-hailing company targeted a domestic IPO following a regulatory crackdown.
Price Action: DIDI shares are trading lower by 12.40% at $2.96 premarket on the last check Friday.

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