Didi says it will delist from the New York Stock Exchange and prepare to list in Hong Kong

Didi says it will delist from the U.S. and prepare to list in Hong Kong

Its shares had plunged last week after reports that Chinese regulators have asked the firm's executives to formulate a plan to delist from the U.S.Costfoto | Barcroft Media | Getty Imagesafter reports that Chinese regulators have asked the firm's executives to formulate a plan to delist from the U.S. Regulators reportedly want Chinese ride-hailing giant Didi to delist from the New York Stock Exchange because of concerns about leakage of sensitive data.

"So our view has been that almost all of these U.S.-listed tech companies will relist either Hong Kong or the mainland," he told CNBC's "Street Signs Asia." China has been on a drive to crack down on its tech giants in the past year, from suspending Ant Group's IPO to introducing a slew of new rules in areas from

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