DIDI Stock: Why The Price Increased Today

By Amit Chowdhry ● Oct 21, 2021
  • The stock price of DiDi Global Inc (NYSE: DIDI) increased by over 13% during intraday trading today. This is why it happened.

The stock price of DiDi Global Inc (NYSE: DIDI) increased by over 13% during intraday trading today. Investors are responding positively to a report from The Wall Street Journal that the China-based ride-hailing company is potentially considering a listing in Hong Kong.

In discussions with the Cyberspace Administration of China, the topic of a listing in Hong Kong came up with DiDi Global. The Chinese government is currently investigating DiDi to determine whether its technology is vulnerable to national security risks after listing in the U.S.

By having another listing in Hong Kong, it would mean any eventual delisting from the U.S. either by DiDi’s choice or due to regulatory pressures would be less problematic for investors who are looking to exchange their shares. In general, the Chinese government is considering new rules that would prevent local companies that collect substantial customer data from going public overseas.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.