Didi Shareholders Vote to Delist From NYSE in Wake of China Tech Crackdown

(Bloomberg) — Didi Global Inc. secured the blessing of shareholders to delist from the New York Stock Exchange, capping an 11-month ordeal that wiped out around $70 billion of its market value and turned the ride-hailing giant into a symbol of China’s tech crackdown.

The company plans to file the required paperwork with the U.S. Securities and Exchange Commission on or after June 2 to delist, Didi said Monday in a statement. The shares gained as much as 5.3% as trading opened.