China ministry of internet regulator order app store to block Didi app and to stop offering Didi app on late Sunday
It claims that the firm’s illegally collected users personal data
It comes just a few days after tech gaint began selling share on the New York stock exchange and online marketing.
Didi chuxing china largest and biggest ride -hailing company has warned that “there will be an adverse impact on it revenue”
after it app was was deleted from Chinese app store.
Didi Said in a statement that “the company will strive to rectify any problems, improve it risks prevention awareness and technological capabilities,protect user privacy and data security and continue to provide secure and convenient service to it users”
That came after the cyberspace administration of china (cac) said”after checking and verification we found out that the Didi chuxing app was in serious violation of regulation in it collection and used of personal information”
Cac announce two days earlier, it was investigating the firm’s to protect ” national security and public interest ” though prompting Didi share to drop by 5.3%.
Didi gathers large amounts of of real time data every day, it used it for autonomous driving technologies and trafficking analysis.
The Large firm’s giants raised about 4.4 billions dollars for the initial public offering (IPO) in what was the largest listing in the us by a Chinese company since about 2014 Alibaba debut.
Just last week, china answers to ubers that made it debut on the New York stock exchange and by the end of Friday trading have a trusted marketing value of almost $74.5bn(€53.9bn).
Didi trouble are just starting
By Asian presenter Karishma Vaswani.
When I spoke to did founder of Didi app yesterday he told me ” he really feel concern about it” say that it more likely to affect business in China.
Karishma went on to say we once also met in 2018 the one thing that was apparent was that this was a man on a mission.
He wanted to take the Chinese firms overseas, and to offer a new vision of what a company driven by data could make possible.
” we were born in China”he told me during an interview with the BBC series Asia tech Titans.
And we hope to be a global company. We hope to be able to solve traffic and transportation problem around the world and for the world.
The great and huge ambitious Cheng Wei display to me at the rooftop of hi sprawling Beijing campus manifest itself in his Didi much anticipated us IPO last week.
But the environment of china is much different today from when I spoke to the Didi founder in just few years back.
There are tighter scrutiny now both inside and outside china, as we all know.and didi trouble came against backdrop of a broader crackdown.
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