Didi confirmed the removal of the Chinese app, seeing the revenue removed
July 12 (Reuters) – China’s Dadi Global Inc. (DIDIN) on Monday confirmed that the country’s cyberspace administration had notified app stores that it had removed 25 of the company’s ride-related apps. What’s more, the move will affect its revenue in the region.
China’s Cyberspace Administration (CAC) said last week that it would remove mobile apps run by Didi from the App Store as the government cracked down on the company. Read more
CAC notified app stores to remove these apps and facilitate viewing and downloading in China, and to strictly adhere to company-related laws and regulations … The issue needs to be addressed to ensure the security of personal information, “Didi said in a statement.
Earlier this month, just days after Didi’s 4 4.4 billion listing on the New York Stock Exchange, China’s cyberspace regulator launched an investigation into the company and ordered new customer registrations, citing national security and public interest. Asked to close. Read more
Demi’s US listed shares fell nearly 4% in pre-market trading.
Reporting by Akanksha Rana in Bangalore and Yelisan Edit by Sanjini Ganguly
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