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Chinese regulators suggest Hong Kong listing for Didi: Report

Chinese regulators suggest Hong Kong listing for Didi: Report

FILE PHOTO: The app logo of Chinese ride-hailing giant Didi is seen reflected on its navigation map displayed on a mobile phone in this illustration picture taken July 1, 2021. REUTERS/Florence Lo/Illustration/File Photo

China's cybersecurity watchdog suggested ride-hailing firm Didi Global and two other US-listed tech companies explore listings in Hong Kong, the Wall Street Journal reported on Thursday (Oct 21), citing people familiar with the matter.

The Cyberspace Administration of China (CAC) broached the idea in recent conversations with executives from Didi, logistics platform Full Truck Alliance and online recruitment firm Kanzhun, according to the report.

The three firms, which went public in June, were being investigated by the CAC amid a crackdown on the mainland's tech companies against the backdrop of tightened regulations on data security.

Full Truck is already in the process of exploring an offering in Hong Kong and the listing could happen as early as next year, the WSJ reported.

The CAC, Didi, Full Truck and Kanzhun did not immediately respond to Reuters requests for comment.

Source: Reuters/zl

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