Business

China expands security review beyond Didi, sending shares of 2 US-listed Chinese tech companies plunging

2 monthes ago   |   By Business Insider

Didi's app has been ordered for removal from Chinese platforms.
Xin Yue/Huanqiu.com/VCG via Getty Images
Shares of two Chinese tech companies - Full Truck Alliance and Kanzhun - sank Tuesday following the launch of regulatory review in China.
China's cybersecurity regulator said the reviews are aimed at curbing national security risks.
Didi shares plunged after China ordered the ride-hailing app removed from stores.
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Shares of two Chinese tech companies listed in the US dropped sharply Tuesday after a Chinese regulator put them under a security...
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Chinese regulators will tighten controls of domestic firms listed overseas following a cybersecurity probe of Didi

2 monthes ago   |   By Business Insider

A Didi logo is seen at the headquarters of Didi Chuxing in Beijing on November 20, 2020.
REUTERS/Florence Lo/File Photo/File Photo
Chinese regulators said they will tighten control of domestic firms listed overseas.
The move came after the Beijing-led cybersecurity probe against Didi, Reuters reported.
On Sunday, China said Didi "has serious violations of laws and regulations" in collecting and using personal information.
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Chinese regulators on Tuesday said they will tighten control of domestic firms listed overseas...
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