Didi Bars Employees From Selling Shares Indefinitely

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Chinese ride-hailing giant Didi Global has barred current and former employees from

Employees will not be able to sell shares until after the company has listed in Hong Kong, according to the report.

Didi did not immediately respond to a Reuters request for comment.

The company has been the target of a regulatory crackdown in China that has forced the Beijing-based ride-hailing giant to announce plans to delist from the New York Stock Exchange and pursue a Hong Kong listing.

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The powerful Cyberspace Administration of China told the company to stop registering new users shortly after its NYSE debut in June. Its apps remain under investigation.

– Reuters

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