Didi Chuxing to leave US stock market for Hong Kong IPO

Didi Chuxing announced on December 3 that it would begin delisting from the New York Stock Exchange and prepare for an IPO in Hong Kong.

The Chinese ride-hailing giant with more than 15 million drivers and half a billion users listed on NYSE in only in June. At that time, the IPO valued the company at US$69 billion (440 billion yuan).

Days after its Wall Street debut, the Didi app was removed from app stores in China when the company was found to have illegally collected personal user data.