Didi Global ADRs rose more than 13% in premarket trading on Friday after the company announced plans to delist from the New York Stock Exchange, a move aimed at appeasing Chinese regulators.

"Following careful research, the company will immediately start delisting on the New York stock exchange and start preparations for listing in Hong Kong," Didi announced on the microblogging site Weibo

Didi debuted on the New York Stock Exchange on June 30, defying Chinese regulators' request to postpone its public debut pending an investigation into its data handling procedures. That didn't sit well with Chinese regulators, who ordered it to halt onboarding new users and for online merchants to remove its apps from their platforms.

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Didi stock has consistently traded below its issue price of $14, with the exception of a brief period. On Thursday, the stock closed at $7.80.

Didi did not provide an explanation for the idea but stated that a shareholder vote will be held at a later date and that its NYSE-listed stock will be convertible into tradable shares on another stock market.

Didi plans to relaunch its apps in China by the end of the year when the cybersecurity investigation is expected to be completed. Because many of their online enterprises are listed in the United States and must disclose essential data about their users with regulators there, authorities in China have maintained a close eye on them. This is a situation they are not comfortable with. Didi's announcement comes a day after the Securities and Exchange Commission issued new guidelines governing access to data stored by publicly traded corporations in the United States.

Since hints of a coming separation between the US and Chinese capital markets began to emerge, several Chinese ADRs have plummeted. Without access to the world's greatest pool of cash, the companies may struggle to maintain their frequently lofty valuations. Meanwhile, US investors will be denied simple access to the world's fastest-growing big economy.