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Didi Global falls as China orders 25 of its apps to be removed from app stores

Tiger Newspress2021-07-09

  • Didi Global(NYSE:DIDI)pared earlier gain and is now down 0.6% after China's cyberspace administration said it called for the removal of 25 DIDI related apps from the app store.
  • The 25 apps appear to have serious violations of laws and regulation in connecting and using personal information, according to aChina regulatory website(Google translated).
  • No website or platform shall provide access and download services for the 25 apps that have been removed from the app store, such as “Didi Travel” and “Didi Enterprise Edition."
  • Earlier this week, the Chinese Cyberspace Administrationordered app stores to block downloadsof DiDi, Full Truck Alliance(NYSE:YMM)and Kaznhun Ltd.(NASDAQ:BZ)software due to alleged problems with security of customers’personal information.
  • Yesterday, DiDi Global, Full Truck Alliance and Kanzhun’s stocks fall again as China crackdown grows.

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Comment5

  • QQ5500
    ·2021-07-09
    ?
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    • SupermarkReplying toKH321
      H
      2021-07-11
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    • KH321
      it bounced back at closing?
      2021-07-10
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    • ohmytiannn
      gg
      2021-07-10
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  • 落难二世祖
    ·2021-07-09
    Like
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    • JQ62
      done
      2021-07-10
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    • WealthLife
      Jjj
      2021-07-10
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    • Huat899
      Pls like and comment back, thanks
      2021-07-10
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  • Calvinq
    ·2021-07-09
    Like comment pls. Collect <$10
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    • Guardian_J
      didi going down? haha
      2021-07-10
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    • RK888
      Liked
      2021-07-10
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    • fwpang
      Done.
      2021-07-10
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  • Potion89
    ·2021-07-09
    Like please
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    • bryanckc
      Ok
      2021-07-13
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    • Kevin92
      Like and comment
      2021-07-10
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  • DuckgeniusMY
    ·2021-07-09
    Cool
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