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Chinese ride-hailing giant Didi puts Europe expansion on hold

News Snapshot:

[] Didi Global Inc. suspended plans to expand in Europe partly because of government concerns over how the Chinese ride-hailing company handles passenger data, according to a person familiar with the matter. Plans to challenge Uber Technologies Inc. in Europe, including several British cities, have stalled and some jobs will be cut, said the person, who asked not to be identified discussing private information. The European expansion will be paused for at least a year, according to the Telegraph, which earlier reported the news of the suspension. The Chinese transportation giant had initially considered rolling out service in European markets…

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