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Benzinga
Benzinga
Politics
Anusuya Lahiri

Why DiDi Global Shares Are Plunging Today

Didi DiDi Global Inc NYSE Cybersecurity Hong Kong United States

Senior Chinese officials have pushed back on proposed punishments for DiDi Global Inc (NYSE:DIDI) submitted by the nation's cybersecurity regulator, jeopardizing its Hong Kong listing plans, Bloomberg reports.

Didi has been talking with the Cyberspace Administration of China about fines and other penalties after proceeding with a U.S. IPO last June over the regulator's objections. However, CAC's proposed punishments failed to satisfy the central government.

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