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Benzinga
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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