Didi says it will delist from the New York Stock Exchange and prepare to list in Hong Kong

$DiDi Global (Delisted) (DIDI.US)$ $Alibaba (BABA.US)$ Chinese ride-hailing giant Didi said Friday that it will start delisting from the New York Stock Exchange, and make plans to list in Hong Kong instead.

It comes less than six months after the tech giant listed in the U.S. Shares of Didi have plunged 44% since its IPO on June 30, and closed at $7.80 on Thursday.

Didi’s shares fell sharply last week after reports that Chinese regulators have asked the firm’s executives to formulate a plan to delist from the U.S.

This is just an beginning as investors need to prepare more Chinese companies will likely to follow. Investors who invest into Chinese stocks need to prepare for this kind of risk. It is suggested that investors should cut loss if they were invested into Chinese stocks because delisting will create critical damage to their portfolio.