China Ride-Hailing Giant Didi Investors to Vote on N.Y. Delisting

Didi, a major Chinese ride-hailing company, is delisting from the US market under pressure from Beijing due to concerns over data security and licensing. Initially, Didi aimed to list in Hong Kong to allow shareholders to transition smoothly, but this has not yet occurred. The delisting has significantly impacted shareholders, especially institutional investors who cannot hold shares traded on the pink sheets. Didi's shares have plummeted by 90% since listing, causing substantial financial losses. The company is now focused on resolving data security issues and securing necessary licenses to potentially relist in Hong Kong, aiming to stabilize its operations and reassure stakeholders.

What challenges does Didi face in trying to relist in Hong Kong?

In what ways is Didi attempting to reassure Beijing regarding its operations?