Caixin
Jun 16, 2023 04:37 AM
BUSINESS

China’s Didi Boasts $14 Billion Value a Year After NYSE Delisting

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Didi has maintained a roughly 70% share of China’s ride-hailing market
Didi has maintained a roughly 70% share of China’s ride-hailing market

(Bloomberg) — A delisting from the U.S. Big Board often marks the end of a company’s traction with big investors. For Didi Global Inc., the story couldn’t be more different.

A year after its exit from the New York Stock Exchange following Beijing’s tech crackdown, the Chinese ride-hailing giant boasted a market value around $14 billion as of Tuesday’s close. That’s larger than any other enterprise whose shares are primarily quoted over the counter (OTC) in the U.S. and even puts it in the top 11% of NYSE-traded stocks when including American depositary receipts, data compiled by Bloomberg show.

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