Didi Global, the Chinese ride-hailing company, must face a lawsuit in a U.S. court claiming it defrauded investors by concealing and disobeying a Chinese government order to postpone its 2021 initial public offering until it resolved cybersecurity and privacy concerns.
Didi Global, the Chinese ride-hailing company, must face a lawsuit in a U.S. court claiming it defrauded investors by concealing and disobeying a Chinese government order to postpone its 2021 initial public offering until it resolved cybersecurity and privacy concerns.
The offering valued all of Didi at about $67.5 billion.
Lawyers for Didi did not immediately respond to requests for comment.
The investors' lawyers did not immediately respond to similar requests.
Persons:
Didi Global, District Judge Lewis Kaplan, Didi, Kaplan
Organizations:
District
Locations:
U.S, Manhattan, United States