Beijing — Friday’s China Cyberspace Administration said Didi Global Inc as the government tightened its crackdown on ride-hailing service giants. Announced that it will remove 25 mobile apps operated by the company from the app store.
The China Cyberspace Administration said in a statement that the app in question used data illegally collected by Didi, including distribution services, camera devices and financial services.
Just days after Diddy’s $ 4.4 billion listing on the New York Stock Exchange last week, cyberspace regulators ordered the app store to remove Diddy’s main ride-hailing app.
He also instructed Diddy to stop registering new users as he began investigating the company for national security and public interest reasons.
After Friday’s latest announcement, Didi’s share price was devalued to about 4%, previously trading more than 9%.
The company lost about $ 21.5 billion in market value in three sessions this week. This is because China feared the impact of increased scrutiny of domestic tech companies and companies listed abroad.
By Yilei Sun and Tom Daly