Didi Global‘s plans to delist from the New York Stock Exchange months after going public triggered concerns over the future of other U.S.-listed Chinese companies.
Chinese tech stocks have borne the brunt of this blow to market sentiment, with the Hang Seng Tech Index—which tracks the Hong Kong-listed shares of China’s largest technology companies—hitting an all-time low earlier this week. Alibaba (ticker: BABA) and JD.com (JD), which are listed in both Hong Kong and the U.S., have been some of the biggest losers.
Didi’s…