Chinese Ride-Hailing Giant Didi Stock Gains 50% In One Day

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According to the Wall Street Journal, Chinese authorities will also end probes into two other U.S.-listed Chinese tech firms — Full Truck Alliance and Kanzhun — which were also under investigation.

In May, Didi revealed that it was being investigated by the U.S. Securities and Exchange Commission in relation to its IPO last year.

Didi shares have shed 85% since the public offering price of $14. Didi said in December that it will delist from the New York Stock Exchange and seek to list in Hong Kong instead.

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