Chinese ride-hailing giant Didi Global said on Friday it will start work on delisting from the New York stock exchange and begin pursuing a listing in Hong Kong after obtaining the approval of its board. “The company will organize a shareholders meeting to vote on the above matter at an appropriate time in the future, following necessary procedures,” it said in a statement. Reuters reported last week citing sources that Chinese regulators had pressed Didi’s top executives to devise a plan to delist from the New York Stock Exchange due to concerns about data security.

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