Didi climbs on report Chinese regulators nudging co toward HK listing

KANZHUN

21/10/2021 11:54

** Chinese ride-hailing company Didi Global Inc's shares
 DIDI.K  jump 4.4% to $8.98 premarket after a media report that
Chinese regulators are nudging the company towards a Hong Kong
listing
    ** China's internet watchdog suggested Didi and two other
U.S.-listed tech firms explore listings in Hong Kong, the Wall
Street Journal reported https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fchinese-regulators-nudge-didi-toward-hong-kong-listing-11634811730%3Fmod%3Dlatest_headlines&data=04%7C01%7CSruthi.Shankar%40thomsonreuters.com%7C57777f7d06a04a309f3f08d9947d5ac9%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C637704088422074406%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=XjFRiscKgT6JTkq3WxknSoM4D6XrXoz8xQVhu5oW8Eo%3D&reserved=0,
 citing people familiar with the matter
    ** Logistics platform Full Truck Alliance  YMM.N  and online
recruitment firm Kanzhun  BZ.O  were the other two companies
named in the report; their shares are up 2.6% and 3%
respectively
    ** Full Truck Alliance, is already in the process of
exploring an offering in Hong Kong, the newspaper reported
citing sources, adding the listing could happen as early as next
year
    ** DIDI down close to 38% vs June IPO price of $14, coming
under pressure from Beijing's crackdown on U.S.-listed firms 

 (Reporting by Sruthi Shankar)
 ((sruthi.shankar@thomsonreuters.com;))