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Didi Global's New York exit a further blow to Chinese listings in US

Chinese listings in the United States have fallen sharply since Didi debuted in New York on June 30

Didi
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Photo: Bloomberg

Reuters
Ride-hailing giant Didi Global's plan to withdraw from the New York stock exchange may create an even deeper chill after this year's drop-off in Chinese firms' listings in the world's most liquid market, bankers and advisers said.

Chinese listings in the United States have fallen sharply since Didi debuted in New York on June 30 - defying regulators' wishes to pause the listing - due mainly to concerns about an unprecedented regulatory crackdown on technology companies.

Two days after Didi's $4.4 billion initial public offering, Chinese regulators ordered an investigation into the company which remains underway, ordered app stores to

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