China Blocks Didi From App Stores Days After Mega U.S. IPO
China’s cyberspace regulator ordered app stores to remove Didi Chuxing, dealing a major blow to a ride-hailing giant that just days ago pulled off one of the largest U.S. initial public offerings of the past decade.
The Cyberspace Administration of China announced the ban Sunday, citing serious violations on Didi Global Inc.’s collection and usage of personal information, without elaborating. That unusually swift decision came two days after the regulator said it was starting a cybersecurity review of the company.
Source: Bloomberg #Jul04
https://www.bloomberg.com/news/articles/2021-07-04/china-regulator-orders-didi-to-be-removed-from-app-stores
#China #Didi #App #IPO
China’s cyberspace regulator ordered app stores to remove Didi Chuxing, dealing a major blow to a ride-hailing giant that just days ago pulled off one of the largest U.S. initial public offerings of the past decade.
The Cyberspace Administration of China announced the ban Sunday, citing serious violations on Didi Global Inc.’s collection and usage of personal information, without elaborating. That unusually swift decision came two days after the regulator said it was starting a cybersecurity review of the company.
Source: Bloomberg #Jul04
https://www.bloomberg.com/news/articles/2021-07-04/china-regulator-orders-didi-to-be-removed-from-app-stores
#China #Didi #App #IPO