Didi

China app giant Didi plans US stock market exit in move to Hong Kong

The firm has come under intense pressure since its US debut in July.

Within days of the initial public offering (IPO) Beijing announced a crackdown on technology companies listing overseas.

Earlier on Thursday the US market watchdog unveiled tough new rules for Chinese firms that list in America.

"Following careful research, the company will immediately start delisting on the New York stock exchange and start preparations for listing in Hong Kong," the company said on its account on Weibo, China's Twitter-like microblogging network.

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