Didi’s latest fines for unlicensed cars, drivers highlight compliance uncertainty ahead of Hong Kong listing

Source: China – South China Morning PostDidi Global, China’s leading ride-hailing company that will delist from the New York Stock Exchange due to Beijing’s data security concerns, has been fined by local authorities for operating with unlicensed cars and drivers, a compliance issue that has dogged the company since its inception.With the firm aiming for a Hong Kong listing, where stricter compliance requirements apply, the development adds uncertainty to its plan to respond to the Chinese government’s calls for better data…Read More

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