Chinese ride-hailing giant Didi to de-list from New York exchange

BEIJING (AFP):Chinese ride-hailing giant Didi Chuxing said Friday (Dec 3) it would start the process of de-listing its shares from the New York stock exchange, shortly after US regulators adopted a rule that would allow them to remove foreign firms.

Didi's move comes in the wake of a sweeping Chinese regulatory crackdown in the past year that has clipped the wings of major internet firms wielding huge influence on consumers' lives -- including Alibaba and Tencent -- and just months after its mammoth New York debut.