Didi drops 18% premarket after news about HK listing

DiDi Global Inc.’s shares tumbled over 18% in the United States’ premarket on Friday after a report claimed that the firm is postponing its plans for listing in Hong Kong.

The report claimed that DiDi hasn’t been able to meet the Cyberspace Administration of China’s standards when it comes to the security of sensitive user data.

DiDi’s shares plunged 18.34% at 4:15 am ET, selling for $3.38.

Baha Breaking the News (BBN) / BU