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Didi Stock Soars on Report Ride-Hailing Giant Considering Going Private
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EXPLAINER: Why China is investigating tech firms like Didi
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EXPLAINER: Why China is investigating tech firms like Didi : The Asahi Shimbun
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Explainer: Why China is investigating tech firms like Didi
Zen Soo
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Hong Kong – Chinese regulators have clamped down on the country’s largest ride-hailing app, Didi Global Inc., days after its shares began trading in New York. Authorities told Didi to stop new registrations and ordered its app removed from China’s app stores pending a cybersecurity review. The government said it was acting to prevent security risks and protect the public interest.
Didi is the latest company to face intensified scrutiny in a crackdown on some of China’s biggest technology giants.
What is Didi?
China’s Didi Global Inc. is one of the world’s largest ride-hailing apps. Three-quarters of its 493 million annual active users are in China. Beijing-based Didi operates in 14 other countries including Brazil and Mexico.
Why China is investigating Didi and other Chinese tech giants
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