Thursday, July 29

China cybersecurity review

China cybersecurity review, China police, Didi, Didi Chuxing, Didi cybersecurity review, Didi stock price, Markets, MI Exclusive, Ride-hailing services

Didi falls as Chinese officials send police to offices as part of sweeping cybersecurity probe

A receptionist looks up from an office for drivers of Didi in Beijing. AP Photo/Ng Han Guan Didi shares dropped Friday after police and other regulators went to the ride-hailing app operator's offices in Beijing. The Chinese government sent a task force of seven units including the internet regulator for the on-site visit as part of a cybersecurity review. Didi shares have slumped in the wake of the review, which was first launched earlier this month. See more stories on Insider's business page. Shares of Didi dropped Friday after reports that police in China went to the offices of the ride-hailing company as part of a cybersecurity review that was launched just after Didi raised $4.4 billion in an initial public offering in New York. A task force of seven ministries including...
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China expands security review beyond Didi, sending shares of 2 US-listed Chinese tech companies plunging

Didi's app has been ordered for removal from Chinese platforms. Xin Yue/Huanqiu.com/VCG via Getty Images Shares of two Chinese tech companies-Full Truck Alliance and Kanzhun-sank Tuesday following the launch of regulatory review in China. China's cybersecurity regulator said the reviews are aimed at curbing national security risks. Didi shares plunged after China ordered the ride-hailing app removed from stores. See more stories on Insider's business page. Shares of two Chinese tech companies listed in the US dropped sharply Tuesday after a Chinese regulator put them under a security review days after the country launched a similar action against ride-hailing service Didi. China's Cybersecurity Review Office will review two truck-hailing apps run by Full Truck Alliance and an ...