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Didi's Q3 revenue falls 1.7% amid Beijing's crackdown

Chinese ride-hailing giant Didi Global Inc (滴滴) on Wednesday reported a 1.7 percent decline in third-quarter revenue, as its domestic business took a hit from a regulatory crackdown. Alibaba Group Holding Ltd (阿里巴巴) chief executive officer Daniel Zhang (張勇) had resigned from his post as director on Didi’s board, the company said. He is succeeded by Yi Zhang (張毅), a senior legal director at Alibaba Group, it said. Chinese authorities have come down hard on Didi after its New...
United States Hong Kong Yi Zhang Daniel Zhang York Stock Exchange Motor Corp Ltd

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Didi ride-hailing service pulled from app stores in China

Didi responded by saying it had stopped registering new users and would remove its app from app stores. It said it would make changes to comply with rules and protect users’ rights. “The Company expects that the app takedown may have an adverse impact on its revenue in China,” the company said in a statement. China has been clamping down on its homegrown technology giants over antitrust and data security concerns. Didi is the latest Chinese tech unicorn to be targeted by authorities after...
Kirk Boodry York Stock Exchange Cyberspace Administration Of China New York Stock Exchange Redex Research Didi Global Inc

China orders Didi app downloads suspended over data violation

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Kirk Boodry York Stock Exchange Cyberspace Administration Of China Atlas Organization Jonathandt Ward New York Stock Exchange Redex Research

China investigates Didi over cybersecurity days after its huge IPO

July 04, 2021 Reuters BEIJING/HONG KONG - Didi Globals shares fell more than 10per cent in New York on Friday after Chinas cyberspace agency said it had launched an investigation into the Chinese ride-hailing giant to protect national security and the public interest. The Cyberspace Administration of China (CAC) said on its website that Didi was not allowed to register new users during its investigation, which was announced just two days after Didi began trading on the New York Stock Exchange. ...
New York United States New York Stock Exchange Adam Segal Kirk Boodry York Stock Exchange

China investigates Didi over cybersecurity days after its huge IPO

Message : Required fields BEIJING/HONG KONG (Reuters) -Didi Globals shares fell more than 10% in New York on Friday after Chinas cyberspace agency said it had launched an investigation into the Chinese ride-hailing giant to protect national security and the public interest. The Cyberspace Administration of China (CAC) said on its website that Didi was not allowed to register new users during its investigation, which was announced just two days after Didi began trading on the New York Stock Exch...
New York United States Hong Kong New York Stock Exchange David Clarke Scott Murdoch

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