SHANGHAI, Jul 7 (Reuters) – China’s cyberspace regulator has opened an investigation into ride hailing giant Didi Global, calling for new users to be stopped and app stores removed, days after it was in a 4.4 billion year US dollar expensive New York went public, share sales.
The move, followed by similar actions against two other Chinese companies recently listed in the US, comes amid tightened data control and privacy policies and broader crackdown on tech companies.
WHAT ARE THE ALLEGATIONS AGAINST DIDI?
The Cyberspace Administration of China (CAC) asked Didi on July 2, citing China’s cybersecurity law, to stop accepting new user registrations, a comprehensive law introduced in 2017.
Two days later, the CAC announced that Didi’s app had “serious violations of laws and regulations related to …