In its latest reprimand against ridesharing giant Didi, China ordered the removal of 25 other company’s apps from mobile stores on Friday, deepening the regulatory vortex that has gripped the company since then went to the New York Stock Exchange last week.
The country’s internet regulator said in their 10 p.m. announcement that the apps – including the carpooling app, the finance app and the app for corporate customers from Didi – had problems in connection with the collection and use of personal data.
The last announcement was almost identical to an order posted on Sunday a stop for downloads of Didi’s most important consumer-centric app for the same reason. That order followed a separate two days earlier that asked Didi to stop registering new users while officials conducted a review of the company’s network security practices.
Beijing’s sudden moves against Didi, who has been hailed in China for years as a domestic innovator and industry pacemaker, shook the company’s new Wall Street shareholders. The crackdown has also scared investors and startups in China who are wary of what appears to be growing hostility from Chinese officials to domestic companies that list shares on foreign stock exchanges.
An IPO on Wall Street, like Alibaba’s record in 2014, was once considered the ultimate confirmation of a company’s business success in China. Didi representatives did not immediately respond to a request for comment on Friday.