Chinese regulators suggest Hong Kong listing for Didi – WSJ

China’s cybersecurity watchdog suggested ride-hailing firm Didi Global Inc and two other US listed tech companies explore listings in Hong Kong, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The Cyberspace Administration of China broached the idea in recent conversations with executives from Didi, logistics platform Full Truck Alliance Co and online recruitment firm Kanzhun Ltd, according to the report here.

The three firms, which went public in June, were being investigated by the CAC amid a crackdown on the mainland’s tech companies against the backdrop of tightened regulations on data security.