INVESTING BITCOIN CANNABIS CRYPTOCURRENCY ETFS EARNINGS FIXED INCOME Search HOME INVESTING DIDI AND OTHER 10 RIDE-HAILING FIRMS SUMMONED BY CHINA OVER 'IRREGULAR PRACTICES' NOV 26, 2021 12:28 PM EST Didi Shares Fall After China Reportedly Requests NYSE Delisting China’s Cyberspace Administration, which oversees data security, reportedly is worried about sensitive data emissions. DAN WEIL China’s Cyberspace Administration, which oversees data security, is worried about the transmission of sensitive data, the sources said. So it asked the company to set up a plan. That could involve a privatization or listing on the Hong Kong Stock Exchange followed by a delisting from the NYSE, the sources said. A listing in Hong Kong would probably be floated at a discount to the $8.11 share price as of Wednesday’s close, Bloomberg reported. Didi recently traded at $7.70, down 5%. In other China news Friday, Jack Ma’s Ant Group payments company is establishing a credit score company with state sponsors, the Peoples Bank of China announced Friday. The move is part of an Ant restructuring ordered by Chinese authorities in April. The new company will be named Qiantang Credit Reporting. Ant will have a 35% ownership stake, the central bank said, according to The Wall Street Journal. Zhejiang Tourism Investment Group, which is controlled by the Zhejiang provincial government, also gets 35%. Two Ant executives will have a 10% stake, and the rest goes to Zhejiang-based companies. Ma, of course, is the founder of e-commerce titan Alibaba BABA. Our Black Friday sale has started for our Action Alerts PLUS investment club! Get in on the conversation and get the latest investment ideas and trading strategies. Click here and save $150. BY DAN WEIL Dan is a freelance writer whose work has appeared in The Wall Street Journal, Barron's, Institutional Investor, The Washington Post and other publications. SEE MORE Terms Of Use Reviews Privacy Policy Advertise Market Holidays 2021 Customer Service Data Topic Dictionary Subscriptions © 2021 TheStreet, Inc. All rights reserved. Action Alerts PLUS is a registered trademark of TheStreet, Inc.

INVESTING BITCOIN CANNABIS CRYPTOCURRENCY ETFS EARNINGS FIXED INCOME Search HOME INVESTING NOV 26, 2021 2:36 PM EST Bitcoin Drops, Showing Little Sign of Hedge Against Volatility 'To us [Bitcoin], it is still by and large a risk asset,' Ross Mayfield, investment strategy analyst at Baird, told Bloomberg.