Didi gains after Friday's plunge

DiDi Global

06/12/2021 15:59

** Ride-hailing giant Didi Global's shares  DIDI.N  rise
6.7% to $6.47 after Friday's plunge
    ** Shares fell ~22% on Friday following plans to delist from
the NYSE, bringing down China ADRs and ETFs with it  urn:newsml:reuters.com:*:nL1N2SO042
    ** U.S. shares of Baidu  BIDU.O  and Bilibili  BILI.O  up
between 0.9% and 4.2%, while JD.Com  JD.O  declines 2.8%
    ** Alibaba  BABA.K  has recovered some of its Friday losses,
gaining 7.3% on e-commerce overhaul plans and new CFO
 urn:newsml:reuters.com:*:nL4N2SR2K5
    ** China's securities regulator said on Sunday that
Beijing's recent policy moves were not aimed at specific
industries or private firms, and were not necessarily linked to
cos seeking to list in overseas markets  urn:newsml:reuters.com:*:nL1N2SQ04O
    ** Sources told Reuters last month that Chinese regulators
had pressed Didi's top executives to devise a plan to delist
from NYSE due to concerns about data security  urn:newsml:reuters.com:*:nL4N2SH0RR
    ** DIDI's stock down 61% since June debut, including
session's gains  

 (Reporting by Bansari Mayur Kamdar in Bengaluru)
 ((BansariMayur.Kamdar@thomsonreuters.com;))