Monday, August 2

Chinese IPO

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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/ 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 ...