Didi shares are up more than 50% in premarket trading on the New York Stock Exchange to $2.82 per paper, trading data show.

Quotes skyrocketed on news that Chinese regulators plan to lift a ban on new users for Didi and allow the company to return to domestic app stores. The Wall Street Journal reported that.

In China, regulators are completing their inspections of cab service operator and logistics platform Full Track Alliance Co. and job search service Kanzhun Ltd. and will lift the restriction on them attracting new users as early as this week.