Didi Global must face US lawsuit over concealing Chinese order to postpone IPO

Didi Global must face US lawsuit over concealing Chinese order to postpone IPO

A screen displays trading information for ride-hailing giant Didi Global on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021. REUTERS/Brendan McDermid/File photo

Didi Global, the Chinese ride-hailing company, must face a lawsuit in a US court claiming it defrauded investors by concealing and disobeying a Chinese government order to postpone its 2021 initial public offering until it resolved cybersecurity and privacy concerns.