Didi gets China approval to relaunch after 18-month security probe

Didi gets China approval to relaunch after 18-month security probe

a year ago
Anonymous $TSFFsMTOeh

https://techcrunch.com/2023/01/16/didi-ride-hailing-china-back/

Eighteen months after its app was suspended in China, ride hailing giant Didi made a comeback on Monday. The move came as China showed signs of easing up its sweeping regulatory clampdown on the internet sector over the past three years.

In July 2021, Chinese authorities ordered the country’s app stores to remove Didi, citing reasons that the platform was “illegally collecting user data.” Earlier that same month, Didi went public in New York. It was a short-lived celebration for the firm, which raised a hefty $4 billion from the first-time sale, as the event quickly turned out to be the root of its clash with Beijing.

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