GUANGZHOU, China – Chinese regulators have initiated a cybersecurity review of US-listed Boss Zhipin and the Full Truck Alliance subsidiaries.
The Cyberspace Administration of China (CAC) said the investigation was opened to “prevent national data security risks” as crackdown on the country’s technology sector continues.
Yunmanman and Huochebang, subsidiaries of the New York-listed Full Truck Alliance, were two of the firms named by regulators. Boss Zhipin, an online recruiting platform backed by tech giant Tencent and listed on Nasdaq, has also been targeted by the CAC.
These companies are not allowed to register new users during the cybersecurity review.