The Cyberspace Administration of China, the agency responsible for data security in the country, has directed Didi's top executives to work out precise details, subject to government approval, because of "security concerns". Proposals under consideration include privatization or listing in Hong Kong. If privatization, the proposal will likely be at least the $14 IPO price and if listing in Hong Kong, the IPO price would probably be a discount to the current US share price (current $8.11). The company may also have to give up control of its data to a third-party. Link
Update: Didi Global plans to delist from the NYSE and trade in Hong Kong. Link
