The ride-hailing app Didi has been ordered off China's app stores, just days after the Chinese tech giant launched its shares in New York. China&

Didi ordered off China's app stores by nation's cyber regulator

submited by

Style Pass

2021-07-05 02:30:04

The ride-hailing app Didi has been ordered off China's app stores, just days after the Chinese tech giant launched its shares in New York.

China's cyberspace regulator said Didi had violated laws on collecting users' personal data and ordered its removal.

Founded in 2012, it is particularly popular in China's crowded cities. But it has expanded beyond China into 15 other markets.

Last week it raised $4.4bn through an initial public offering in New York, making it the largest share launch since Chinese online retailer Alibaba's in 2014.

Just a day after shares began trading in New York, the Cyberspace Administration of China (CAC) announced it was investigating the firm to protect "national security and the public interest", prompting the shares to drop 5.3%.

Didi gathers vast amounts of real-time mobility data every day. It uses some of the data for autonomous driving technologies and traffic analysis.