DiDi Global Inc (fka DIDIY)

[Noonehasthisusername]

Looks like delisting DIDI is off the table. IMO.

Framework for this type of supervision may happen in September.

IMO, DIDI will be in the $10-$11 range by end of year. If DIDI FOMO occurs, possibly higher.

GLTA


-------------
EXCLUSIVE-China eyes pushing U.S. IPO-bound firms to hand over data control-sources
5:22 AM ET 8/20/21 | Reuters
EXCLUSIVE-China eyes pushing U.S. IPO-bound firms to hand over data control-sources
By Julie Zhu and Scott Murdoch

The plans to step up supervision of Chinese companies listed overseas came days after Beijing launched a cybersecurity investigation into ride-hailing giant Didi Global Inc on the heels of its $4.4 billion U.S. stock market listing.

Didi is now in talks with state-owned Westone Information Industry Inc to handle its data management and monitoring activities, Reuters reported https://www.reuters.com/world/china/exclusive-didi-talks-with-westone-hand-over-data-control-after-ipo-dustup-2021-08-06 earlier this month.

Under the plan being discussed, Westone would be able to access Didi's servers across the country to track the latter's data collection, usage and transfers - which could effectively prohibit the company's data from falling in the hands of a foreign entity, according to the report.

Didi at that time had said media reports about handing over control of data was untrue.

The restrictions proposed to be implemented on Didi could become a possible template for other data-rich Chinese companies that look to go public in the United States, said one of the people.