- DiDi Global Inc DIDI will remove 25 apps for violating PRC's Cybersecurity Law.
- On Friday, Cyberspace Administration of China confirmed that 25 apps operated by DiDi, including the apps used by users and drivers, had the problem of collecting personal information.
- China's Uber Technologies Inc UBER equivalent estimates this move to affect its revenue in China.
- DiDi recently lowered its U.S. initial public offering valuation amid China's growing tech crackdown.
- Price action: DIDI shares traded lower by 3.16% at $11.65 in the premarket session on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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