WebJun 6, 2024 · The conclusion of the cybersecurity review comes too late to save Didi from an ignominious retreat from Wall Street just a year after it listed, and will have further consequences for the... WebJul 16, 2024 · Didi told the newspaper that “it had no knowledge before the IPO of the regulator’s decisions to put the company under cybersecurity review, and to ban new downloads of its ride-hailing app.”
How did Didi get in trouble with data regulators? · TechNode
WebJul 15, 2024 · Didi Global now faces two class-action lawsuits in the United States, which argue that the company failed to inform investors of Chinese regulators’ warnings to delay the IPO while they reviewed Didi’s cybersecurity practices. Didi did include Chinese regulation as a risk factor in its registration with the SEC. China’s cybersecurity authorities recently released the findings of the Didi cybersecurity review, a year-long saga culminating in a US$1.2 billion fine. Didi was found to have broken multiple data and cybersecurity laws through a variety of illegal activities, from the excessive collection of user information … See more On June 30, 2024 Didi was listed on the New York Stock Exchange (NYSE), raising around US$4.4 billion. Just two days later, the Cyberspace Administration of China (CAC), … See more The CAC did not mention which specific parts of the laws and regulations were breached, but we can make some deductions by looking at the articles that prohibit the kind of activity that Didi was involved in from the … See more According to the CAC’s announcement released on July 21, 2024 the investigation found that Didi had violated the CSL, the Data Security Law(DSL), and the Personal Information … See more The Didi case is the first major cybersecurity penalty to be levied by the CAC since several cyber and data security regulations have … See more h e c showman ltd
China Initiates Cybersecurity Review of Didi ChuXing and Three …
WebApr 11, 2024 · The CAC has previously conducted cybersecurity reviews of Didi Chuxing, two truck-hailing service providers, an online recruitment app and a Chinese academic … WebJul 2, 2024 · DiDi Global Inc. (“DiDi” or the “Company”) (NYSE: DIDI), the world’s leading mobility technology platform, today announced that pursuant to the announcement … WebJul 2, 2024 · Didi has halted new user registrations during the probe. The company, which only started trading on Wednesday in New York after an initial public offering, fell 7% to $15.26. The surprise probe... h e burns and sons