On Friday—two days after the popular ride-hailing app Didi Chuxing listed on the New York Stock Exchange in a $4.4 billion initial public offering—a new Chinese cybersecurity unit announced that it was reviewing Didi’s data collection policies, citing national security concerns. Soon after, Didi’s app became unavailable in Chinese app stores.
Then on Monday, the Cybersecurity Review Office doubled down, ordering similar reviews into two smaller Chinese tech companies—Full Truck Alliance Co. and Kanzhun Ltd.—both of which also went public in the U.S. in June.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Not a Bloomberg Law Subscriber?
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]