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Didi weighs handing over more data control to appease China: Bloomberg News

News Snapshot:

Aug 6 (Reuters) – Ride-sharing service Didi Global Inc is considering handing over control of its valuable data as part of its efforts to resolve a Chinese regulatory investigation, Bloomberg News reported on Friday, citing people familiar with the matter. Days after Didi’s debut on the market, China’s cyberspace regulator launched an investigation into the company and asked it to stop registering new users, citing national security and the public interest. Didi, which recently went public in New York after raising $ 4.4 billion in an initial public offering, has put forward proposals to appease the regulator, including granting the…

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