The interface of Didi's APP is shown on a mobile phone.
Didi will delist from the New York Stock Exchange in order to list in Hong Kong.
Didi said it made the decision after careful consideration.
The shares of Didi plummeted last week after it was reported that Chinese regulators want the company to delist from the New York Stock Exchange.
SoftBank shares in Japan were down. Didi was owned by SoftBank's Vision Fund.
Didi drew the ire of regulators when it pushed ahead with an IPO without resolving outstanding cybersecurity issues. Didi is China's largest ride-sharing app and holds a lot of data.
The tech giant was first listed in the U.S. on June 30.
China no longer wants technology companies to list in the U.S. markets because it brings them under the jurisdiction of U.S. regulators, according to a regional head of Asia at Cambridge.
He told CNBC that most of the tech companies listed in the U.S. will relist in Hong Kong or the mainland.
CNBC”s Ari Levy contributed to the report.
