5 July 2021
4601
1 min.
5
Taxi service Didi
Chinese giant Didi Global Inc said Beijing's order to remove the taxi-calling service from app shops in China could hit revenues. At the same time, other Chinese companies that recently went public in the US have also been the target of cybersecurity investigations in China.
Didi reached a value of 68 billion dollars during its debut trading on the New York Stock Exchange (NYSE) after its IPO in early July.
The Chinese Cyberspace Administration (CAC) ordered the removal of the Didi app from app shops in the PRC on Sunday two days after an investigation into the company began. The regulator said that the investigation focused on anti-competitive behaviour and data security.
Also, other PRC technology companies that have recently listed in the US have also been affected by the regulatory crackdown: owner of online recruitment service Zhipin.com Kanzhun and transport company Full Truck Alliance. CAC has also launched an investigation against them.
It is worth noting that the first signal of the Chinese authorities' onslaught on tech giants was the disruption of the 37 billion dollars IPO of Alibaba Group (NYSE:BABA) fintech subsidiary Ant Group late last year.
Companies5 in the news
Section:
Related news
614
2701
2724
3166
Last news
855
Rating companies
18 Mention
15 Mention
12 Mention
9 Mention
8 Mention
7 Mention
7 Mention
7 Mention
7 Mention
7 Mention
NEW YORK NEWS
News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova
Development Director
