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UPDATE 2-Didi suspends UK launch plans amid China crackdown on tech firms Telegraph

August 24, 2021
Source: netscape.com netscape.com
News Snapshot:
08/23/2021 21:16 (Adds Didi's statement) Aug 23 (Reuters) - Chinese ride-hailing giant Didi Global Inc has suspended its plans to launch in Britain and continental Europe, The Telegraph reported on Monday, against the backdrop of a regulatory backlash at home over data privacy. Staff working on the planned launches have been told that they face possible redundancy and Didi has stopped hiring in Britain, pulling the launch plans for at least a year, according to the report. (https://bit.ly/2WaN29Z) "We continue to explore additional new markets, liaising with relevant stakeholders in each and being thoughtful about when to introduce our services,"...
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Tags: Africa | Britain | Business | China | Chinese | crackdown | cybersecurity | data | Didi | Ecuador | Europe | Giant | initial public offering | international | Internet | ipo | Kazakhstan | New York | news | privacy | redundancy | report | South Africa | technology | United Kingdom

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