DRAGON’S RISE

THE DECADES-LONG, trillion-dollar love affair between China and Wall Street is coming to an end. DiDi Chuxing, a $39 billion company that is China’s answer to Uber, said on Friday that it would delist its shares from the New York Stock Exchange. Just six months ago, DiDi was a Wall Street darling, raising billions of dollars from US pension funds and international investors in a splashy New York IPO. DiDi’s abrupt decision to leave brings home a stark truth for Wall Street: China doesn’t need it any longer.

Sankar Paul Chakdaha, West Bengal