Chinese regulators suggest Hong Kong listing for Didi - WSJ

KANZHUN

21/10/2021 12:06

Oct 21 (Reuters) - China's cybersecurity watchdog suggested
ride-hailing firm Didi Global Inc  DIDI.O  and two other
U.S.-listed tech companies explore listings in Hong Kong, the
Wall Street Journal reported on Thursday, citing people familiar
with the matter.
    The Cyberspace Administration of China (CAC) broached the
idea in recent conversations with executives from Didi,
logistics platform Full Truck Alliance Co  YMM.N  and online
recruitment firm Kanzhun Ltd  BZ.O , according to the report https://www.wsj.com/articles/chinese-regulators-nudge-didi-toward-hong-kong-listing-11634811730?mod=latest_headlines.
    The three firms, which went public in June, were being
investigated by the CAC amid a crackdown on the mainland's tech
companies against the backdrop of tightened regulations on data
security.  urn:newsml:reuters.com:*:nL2N2OH02N  urn:newsml:reuters.com:*:nL5N2OI1N7  
    Full Truck is already in the process of exploring an
offering in Hong Kong and the listing could happen as early as
next year, the WSJ reported.
    The CAC, Didi, Full Truck and Kanzhun did not immediately
respond to Reuters requests for comment.

 (Reporting by Nivedita Balu in Bengaluru; Editing by Shounak
Dasgupta)
 ((Nivedita.Balu@thomsonreuters.com; Twitter: @niveditabalu))