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Benzinga

Politics

Anusuya Lahiri

Here's Why DiDi Shares Are Trading Lower Today

Didi China China Central Television DiDi Global Inc Hong Kong Ministry of Transport NYSE United States

China's transport ministry ordered ride-hailing companies to disclose pricing details to the public, Reuters reports as per state broadcaster China Central Television.
Wang Xiuchun, deputy director of the Department of Transport Services of the Ministry of Transport, instructed the online ride-hailing firms to set reasonable upper limits on commissions and make them public.
Chinese ride-hailing company DiDi Global Inc (NYSE:DIDI) is close to a Hong Kong listing.
Didi will have to withdraw its U.S. listing following regulatory brickbats from China.
Price Action: DIDI shares traded lower by 5.76% at $3.93 in the premarket session on the last check Thursday.

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