BEIJING (AP) — The Chinese language authorities on Friday introduced a cybersecurity investigation of ride-hailing service Didi, stepping up scrutiny after earlier criticism of its dealing with of buyer info induced the corporate’s New York-traded shares to tumble.
A one-sentence announcement by the Our on-line world Administration of China gave no particulars. However the firm earlier was ordered to cease signing up new prospects whereas it overhauled its assortment and dealing with of details about its customers.
The ruling Communist Social gathering is tightening management over China’s booming expertise industries and details about its public and economic system, which it sees as a delicate strategic asset.
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