July 17, 2021
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China’s cyber-watchdog on Friday announced an on-site cybersecurity investigation of ride-hailing service Didi, stepping up scrutiny after earlier criticism of its handling of customer information caused the company’s New York-traded shares to tumble.
The on-site inspection comes two weeks after the regulator said it would probe the ride-hailing company over concerns about national security and data security. That came days after Didi raised $4.4 billion and went public on the New York Stock Exchange.
According to a statement released Friday by the Cybersecurity Administration of China, other Chinese government departments involved in the on-site investigation include the Ministry of Public Security, Ministry of Natural Resources, Ministry of Transport, State Taxation Administration and the State Administration of Market Regulation.