In another blow to Didi, China has stopped the downloads of 25 more of its apps.

In its latest rebuke to ride-hailing giant Didi, China on Friday ordered the removal of 25 more of the company’s apps from its mobile stores, deepening the company’s regulatory maelstrom. went public on the New York Stock Exchange Last week.

The country’s internet regulator said in its own 10 pm announcement That app – which includes Didi’s car-pooling app, its finance app and its app for corporate customers – showed problems related to the collection and use of personal data.

The latest announcement was similar to that issued on Sunday by the same agency that was ordering stop download That’s why Didi’s main, consumer-facing app. That order followed a separate order a couple days ago, asking Didi to stop registering new users while officials investigated the company’s network security practices.

Beijing’s sudden move against Didi, celebrated for years in China as a domestic innovator and industry pacesetter, has shocked the company’s new Wall Street shareholders. The clout has also spooked investors and start-ups in China, who are wary of what’s going on. The growing hostility of Chinese officials To domestic companies that list shares on foreign exchanges.

A listing on Wall Street, such as Alibaba’s record-breaking in 2014, was once seen as the ultimate validation of the company’s business achievements in China. Didi’s representatives did not immediately respond to a request for comment on Friday.

Source link

Popular Topics

Related Articles

Translate ยป