China announces Didi cybersecurity investigation

The Chinese government on Friday introduced a cybersecurity investigation of ride-hailing service Didi, stepping up scrutiny after earlier criticism of its dealing with of buyer data induced the corporate’s New York-traded shares to tumble.

A one-sentence announcement by the Cyberspace Administration of China gave no particulars. However the firm earlier was ordered to cease signing up new clients whereas it overhauled its assortment and dealing with of details about its customers.

The ruling Communist Party is tightening management over China’s booming know-how industries and details about its public and financial system, which it sees as a delicate strategic asset.


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