China’s probe into Didi is aimed at addressing national security risks arising from New York listing, Xinhua says
Published
Oct 11 2021 at 1:00 PM GMT
Key
Points
Points
- China’s cybersecurity probe into Didi Chuxing is aimed at addressing possible national security risks stemming from the ride-hailing giant’s overseas listing, the official Xinhua news agency said in a report on Sunday.
- This is the first time that an official Chinese media outlet has provided further details on why Beijing launched an investigation into Didi, which began just two days after the company’s US$4.4 billion June 30 initial public offering in New York.
Trending
Stats
- Published Oct 11, 2021 1:00 PM GMT