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Didi Shares Jump On Report Apps To Be Relaunched In China

November 12, 2021
Source: nationandstate.com nationandstate.com
News Snapshot:
Take Didi Global Inc., China’s leading ride-hailing company, traded as high as $10 in the US premarket, up more than 10% from Wednesday’s close of $8.95 as the company is planning to reintroduce its apps on Chinese app stores following a severe regulator crackdown by the Cyberspace Administration of China (CAC). Didi was targeted by CAC when it ignored requests by regulators to halt its US IPO on June 30. At the time, CAC was conducting a cybersecurity analysis of its data practices. Shortly after its US debut, CAC ordered the company to remove 25 mobile apps from Chinese app...
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Tags: agreement | Alibaba | app | author | Beijing | capital | China | Chinese | crackdown | cybersecurity | Cyberspace Administration of China | data | Didi | education | Europe | Founder | government | ipo | IT | Jack Ma | law | management | mobile | stocks | technology

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