Monday is China Cybersecurity Watchdog announced investigations of the truck hailing platforms Yunmanman and Huochebang as well as the job exchange Boss Zhipin. New users cannot register for these three apps during the investigation.
Yunmanman and Huochebang are China’s two major truck hailing apps and refer to themselves as “Uber for Trucks”. They merged into a new company in 2017 – Full Truck Alliance, which was listed on the New York Stock Exchange last month and is currently valued at $ 21 billion.
Boss Zhipin is one of the largest online job boards in China. Parent company Kanzhun was listed in New York last month and has a market capitalization of nearly $ 15 billion.
The Cybersecurity Review Office said in a statement that the investigations are being conducted to identify “national …