DIDI shares falls more than 8% in premarket trading.

Tiger Newspress2021-07-16

DIDI shares falls more than 8% in premarket trading.

Officials from seven Chinese government department visited Didi's offices to conduct a cybersecurity review on Friday.

This month, days after its high-profile listing in the U.S., the Cyberspace Administration of China (CAC)announced a cybersecurity review of Didi.

The ride-hailing giant was forced to stop signing up new users and itsapp was also removed from Chinese app stores.

The CAC, China's top cyberspace regulator, alleged that Didi had illegally collected users' data.

The CAC as well as the State Administration for Market Regulation (SAMR), the leading antitrust regulator, were among the seven departments that visited Didi for the network security review.

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Comments

  • Survivor1
    2021-07-23
    Survivor1
    sigh
  • KRIS0330
    2021-07-19
    KRIS0330
    Will DiDi continue to fall? [疑問] 
  • CKWong0572
    2021-07-19
    CKWong0572
    Gr8
  • CIG
    2021-07-19
    CIG
    滴滴淚水流不盡
  • Upswing118
    2021-07-19
    Upswing118
    End saga quick! 
  • Hkh
    2021-07-19
    Hkh
    Good opportunity during volatility 
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