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Ridesharing Service Didi Evaluates Delivering More Data Control to Appease China | ECONOMY

News Snapshot:

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, citing people familiar with the matter. Days after the debut of Didi in the market, the cyberspace regulator of China launched an investigation into the company and asked it to stop registering new users, citing national security and the public interest. Didi, which started trading at New York Recently, after raising $ 4.4 billion in an initial public offering, it has submitted proposals to appease the regulator, including granting the management of…

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