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China tech crackdown: Didi mulls ceding control of valuable data

August 7, 2021
Source: timesofnews.com timesofnews.com
News Snapshot:
Didi Global Inc. is weighing giving up control of its most valuable data as part of efforts to resolve a Chinese regulatory probe into the aftermath of its controversial U.S. initial public offering, people familiar with the matter said. The ride-hailing giant has put forth a number of proposals to appease the powerful internet industry overseer, including ceding management of its data to a private third party, the people said, asking not to be identified talking about internal deliberations. Regulators have signaled a preference for that third party to be state-controlled, one of the people said. It’s uncertain how such...
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