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Didi Global Inc. plans to delist its shares in the U.S. and pursue a listing in Hong Kong, a dramatic reversal just months after the Chinese ride-hailing group’s ill-fated initial public offering in New York.

The move, which Didi said Thursday was supported by its board, comes as authorities in Beijing wrap up a cybersecurity probe into the company. It would mark an escalation in the financial decoupling between the U.S. and China, which has already seen several Chinese companies expelled from American exchanges.

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By EDONS