China’s cyberspace administration launches probe into ride-hailing giant Didi, two days after mega IPO

//China’s cyberspace administration launches probe into ride-hailing giant Didi, two days after mega IPO

China’s cyberspace administration launches probe into ride-hailing giant Didi, two days after mega IPO

China’s internet regulator said it has stopped Didi Chuxing from registering new users, two days after the country’s dominant ride-hailing service completed the largest initial public offering (IPO) by a Chinese company this year in New York.“In order to prevent risks regarding national data security, to maintain national security, and protect the public interest, Didi is now under a cybersecurity review based on the National Security Law, Cybersecurity Law and Measures for Cybersecurity Review…

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By | 2021-07-02T13:11:40+00:00 July 2nd, 2021|Technology|Comments Off on China’s cyberspace administration launches probe into ride-hailing giant Didi, two days after mega IPO