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China to wrap up Didi cybersecurity investigation and lift ban on new users

June 7, 2022
Source: bollyinside.com bollyinside.com
News Snapshot:
Chinese regulators are concluding their probes into Didi Global Inc DIDI.N, planning to allow the ride-hailing organization’s mobile application back on domestic application stores as soon as this week, the Wall Street Journal provided details regarding Monday. Didi’s U.S. shares rose 46% in pre-market trade. Last year, the Cyberspace Administration of China (CAC) ordered application stores to eliminate 25 mobile apps operated by Didi – just days after the ride-hailing giant listed in New York. It also told the company to stop registering new users, citing national security and the public interest. Chinese regulators will also lift a ban on...
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