China’s Didi Chuxing investigation closes in on 60-day mark with no conclusion in sight

//China’s Didi Chuxing investigation closes in on 60-day mark with no conclusion in sight

China’s Didi Chuxing investigation closes in on 60-day mark with no conclusion in sight

China’s cybersecurity review of ride-hailing giant Didi Chuxing shows no sign of concluding any time soon, as the widely followed investigation closes in on the 60-day mark and the company’s business starts to slow down.Didi incurred the ire of regulators when it rushed to raise US$4.4 billion from its initial public offering in New York, ignoring their warnings about network security compliance. On July 2, internet watchdog the Cyberspace Administration of China (CAC) launched an investigation…

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By | 2021-09-23T13:30:10+00:00 September 23rd, 2021|Technology|Comments Off on China’s Didi Chuxing investigation closes in on 60-day mark with no conclusion in sight