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Didi says had no knowledge of cyberspace investigation before IPO

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By Reuters
Didi says had no knowledge of cyberspace investigation before IPO
Didi says had no knowledge of cyberspace investigation before IPO   -   Copyright  Thomson Reuters 2021
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HONGKONG – Didi Global Inc says it had no knowledge before its $4.4 billion New York listing last week that China’s cyberspace administration would start to investigate the company and order its app be taken down over its handling of customer data, according to a statement.

“Prior to the IPO, Didi had no knowledge of the CAC‘s decisions, announced on July 2 and July 4, 2021, with respect to the cybersecurity review and suspension of new user registrations in China, and the removal of the Didi Chuxing app from the app stores in China, respectively,” the company told Reuters on Monday.