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. Chinese ride-hailing giant Didi Global has announced plans to take its shares off the New York Stock Exchange (NYSE) and move its listing to Hong Kong. Didi said its board had approved the move, adding: “The company will organise a shareholders meeting to vote on the above matter at an appropriate time in the future, following necessary procedures.” What is the Effect of US-China Trade wars over global economy ?
