Didi’s Wall Street Exit Signals Investors Playing by China’s Rules

When the Chinese ride-hailing giant Didi Chuxing decided to delist its shares in the United States, it was an abrupt reversal that illustrated the growing rift between Wall Street and China’s rapidly growing corporate sector. Barely six months ago, Didi had been the latest Chinese start-up darling to go public on the New York Stock Exchange, following the path of such companies as Alibaba and Baidu to list its shares in the world’s premier financial hub. Now Didi’s move to relocate its listing to the Hong Kong stock exchange almost…