![]() According to a report by Cailian Press, these apps have now resumed new user registrations. In July, 2021, the National Cyberspace Administration carried out a network security review on its apps “Yunmanman” and “Huochebang” and set limits on the registering new users. On June 22, 2021, the company was listed on the New York Stock Exchange. SEE ALSO: Ride-hailing Didi to Be Delisted from NYSEįull Truck Alliance has been committed to building an efficient platform to match drivers and consignors. It also asked the company to stop registering new users, citing national security and public interest reasons. Shares of Didi have fallen as much as 21 since the company’s June 30 IPO after. Chinese medical data group LinkDoc Technology Ltd has shelved plans for an IPO in the United States following Beijings clampdown on overseas listings by domestic firms, according to three sources. A few days after Didi went public in New York, the Chinese regulator ordered the removal of 25 mobile apps operated by the company. LinkDoc has indefinitely shelved its 211 million IPO, with no word on when or if it will eventually proceed. Investigators conducted a month-long on-site investigation into the companies’ internal records, emails and internal communications, but authorities did not find any substantive problems with the companies, according to people familiar with the matter.Īmong the three companies, Didi has been the hardest hit and still faces scrutiny from Chinese security departments and relevant departments in the US. last June, but soon after, the Chinese government began to strengthen network censorship and conduct data security investigations into these companies. Faced with Possible Effects of Didi App Removal, Chinese Companies Keep, Ximalaya and LinkDoc Cancel IPO Plans in US Jul 09, 2021, 13:07pm 9 20:11:02 Pandaily The Financial Times reported on Thursday that Keep, a Chinese sports-oriented social platform, and Ximalaya, the largest podcast platform in China, have both cancelled previous. ![]() But the three companies are expected to face financial penalties while offering the government a 1% stake and direct government involvement in corporate decision-making.Īll three companies were listed in the U.S. ![]() As a result, these companies’ apps will now be allowed to be listed on domestic app stores and allow new registrants, the Wall Street Journal reported on Monday, citing people familiar with the discussion.Īffected by the news, Didi’s stock price soared by over 60% and Full Truck Alliance’s rose by over 37%, while Kanzhun’s rose by over 20%. You can also write a review for your driver and his vehicle, guaranteeing you a comfortable and pleasant trip around the city every time you ride with DiDi.ĭiDi is an interesting transport app, that makes for a great alternative to Uber, Go-Jek, Cabify and other similar apps.Chinese regulators are concluding their probes into ride-hailing platform Didi, digital freight platform Full Truck Alliance, and online recruitment platform Kanzhun, in preparation of lifting the current ban on adding new users. After creating your account you'll have to indicate your current location and, in a few minutes (seconds if you're lucky) a vehicle will be on its way to pick you up.Īs usual with this type of apps, you can make payments from within DiDi itself. ![]() That said in order to use DiDi, all you have to do is set up a registered user account by adding in your real phone number. That was soon followed with an order for Didi's app be removed from app stores. Bear in mind, however, that the app only works in a total of four hundred cities worldwide, so if you are not in one of those specific cities, you won't be able to get a ride with DiDi. It is the first Chinese firm known to have pulled back from IPO plans since China's cybersecurity regulator toughened its approach to oversight last week, with an investigation into ride-hailing giant Didi Global just two days after its New York debut. DiDi is an app that lets you request a vehicle to take you from one point of the city to another, just like Uber and Cabify. Didi Global said on Friday it will delist from the New York stock exchange and pursue a listing in Hong Kong, the latest development after it ran afoul of Chinese regulators by pushing ahead with.
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