Research On The Regression Path Of DiDi From The Perspective Of Equity Structure Optimization

On July 2,2021,three days after Didi Taxi went public in the United States,the network security review stopped new user registrations.Since then,major platforms have successively removed Didi APP,mini programs and other applications.The "Data Security Law",which came into effect on September 1,2021,emphasizes the country’s overall development and security,and insists on ensuring data security and promoting data development and utilization.Didi announced on December 3,2021 that it will delist and return to the Hong Kong stock market.Since the "Foreign Company Accountability Act" in the United States came into effect,it is difficult for Chinese stocks to meet the inspection requirements of the US Securities and Exchange Commission.Returning to the A-share or Hong Kong stock market is more in the favor of long-term development of enterprises.Based on this background,the article conducts an in-depth analysis of the return of my country’s Internet platform companies,and designs a privatization,return and re-listing plan for the factors that need to be considered in the process of Didi’s return,and solves its data security from the perspective of equity optimization to help Didi through this crisis.The article firstly sorts out the literature on privatization delisting and multi-level capital market,data asset nationalization and data asset pricing,equity structure and equity incentives in the process of mergers and acquisitions,VIE structure dismantling and tax planning,and summarizes the return of privatization of Chinese concept stocks.Motivation and the effect of different regression paths,and expounded the relationship between corporate social responsibility theory,control theory,priority financing theory and resource dependence theory and data assets,privatization regression,and equity optimization;secondly,it introduced Didi Taxi Development overview and listing process,analyze the problems exposed by Didi’s listing and the reasons for privatization and delisting;thirdly,determine the goals of Didi’s privatization delisting,M&A and re-listing plans,and analyze key risk points and Prevention and control,designed the data asset ownership confirmation and pricing plan,privatization delisting and equity structure plan,VIE structure dismantling and tax planning plan;finally,the article proposes guarantees from four aspects: financing structure,shareholder decision-making,return timing,and business model Measures,including the introduction of strategic investors with state-owned assets background,signing of concerted action agreement,and improving the core competitiveness of enterprises and affording companies in the same situation suggestions.Based on the research on the return route of Chinese concept stocks,the article designs a set of equity optimization plans for the entire process of Didi Taxi.While ensuring the security of national data,it helps enterprises to obtain financing,and at the same time promotes the digital transformation of state-owned enterprises.Companies facing the same predicament provide lessons.