Tencent hits lowest level this year as China widens probe beyond Didi
News24
06 Jul 2021, 04:13 GMT+10
China expanded its latest crackdown on the technology industry beyond Didi Global to include two other companies that recently listed in New York.
Investors responded by dumping Chinese tech stocks
Chinese tech giant Tencent fell to its lowest level this year, dragging Naspers and its subsidiary Prosus, which owns almost 29% of Tencent, down by more than 6%.
China expanded its latest crackdown on the technology industry beyond Didi Global to include two other companies that recently listed in New York, dealing a blow to global investors while tightening the government s grip on sensitive online data.
China Cyber Watchdog Asked Didi to Delay IPO on Data Concern
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Tencent hits lowest level this year as China widens probe beyond Didi
parisguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from parisguardian.com Daily Mail and Mail on Sunday newspapers.
Didi undoubtedly has the most detailed travel information on individuals among large Internet firms and appears to have the ability to conduct “big data analysis” of individual behaviours and habits, the Global Times wrote. To protect personal data as well as national security, China must be even stricter in its oversight of Didi’s data security, given that it’s listed in the US and its two largest shareholders are foreign companies, the newspaper added. Reuters
China expanded a cybersecurity probe beyond Didi Global Inc to include two other recent US debutantes, moving with surprising swiftness to tighten its control over Internet data in the interests of national security.