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After US IPO, Chinese Regulator Order Didi Ride-Hailing to be Removed from Stores over Serious Violations Posted on 07/04/2021 The Cyberspace Administration of China ordered app stores to remove Didi Chuxing Technology Co., citing serious violations on Didi Global Inc.’s collection and usage of personal information, without elaborating. The ride-hailing company just had one of the biggest U.S. initial public offerings of the past decade on June 30th. The Chinese agency made the decision just 2 days after it said it was reviewing the company. The government move mandates apps stories run by Apple Inc. and smartphone makers Huawei Technologies Co. and Xiaomi Corp., to excise Didi from their store. Goldman Sachs Group Inc., Morgan Stanley, and JPMorgan Chase & Co. led Didi’s initial public offering.

Morgan stanleyGoldman sachs group incXiaomi corpHuawei technologies coJpmorgan chase coCyberspace administration of chinaApple incDidi chuxing technology coDidi global incChinese regulator order didi ride hailingCyberspace administrationDidi globalHuawei technologiesSachs group incNews stories deliveredமோர்கன் ஸ்டான்லி