Last Updated on 22/11/2021 by Sanskriti
Didi Global Inc, the world’s largest ride-hailing company, said a Chinese government decision to remove its app from app stores might damage revenue. Other recently listed Chinese companies in the United States have also been the target of cybersecurity probes.
As part of a larger crackdown on data security laws, the mainland’s IT firms are being probed, including online recruiter Zhipin and truck-hailing apps Huochebang and Yunmanman. Last month, Full Truck Alliance, the result of a merger between Huochebang and Yunmanman, and Kanzhun, the owner of Zhipin, debuted on the New York Stock Exchange.
According to the statement, the investigations are being conducted to “avoid national data security threats and preserve national security,”
According to the CAC, the three app-based companies should halt new user registrations while the inquiry is ongoing. According to the statement, the investigations are being conducted to “avoid national data security threats and preserve national security,”
No further information regarding the probe into the three apps is given by the cyberspace agency but did cite China’s national security and cybersecurity legislation.
Examining Internet platform firms such as Alibaba Group and Meituan for anti-competitive activities has been increased by the Chinese regulators.
Over 10 million registered vehicle drivers and over 5 million truck owners use the Full Truck Alliance platform, dubbed “Uber for trucks.”