Didi. Withdrawal of the app in stores in China may affect revenue

DiDi Global said an order to pull its app from app stores in China could hurt its revenue, while other Chinese companies were recently listed United State They were also subjected to investigations cyber security.

Sunday withdrawal order from China Cyberspace Administration (CAC) It came just two days after the agency announced an investigation into the ride-sharing giant and less than a week after the company debuted in NYSE.

The move also comes amid widespread regulatory pressure on companies National technology companies, which focuses on anti-competitive behavior and data security, which began with the collapse of a $37 billion list projected by the fintech affiliate of Ali Baba, Ants Group, at the end of last year.

‘Both cancel ON V from ant Such a measure Didi show it ON V It can be very dangerous in ChinaBecause they reveal the size and operations of a company that warrant scrutiny by regulators.” Martin Chorzimba, Principal Investigator at Peterson Institute for International Economics.

today is kak Announced that it will investigate with the online recruitment company Zhipin.com and trucking companies Huochebang s Yunmanthat merged to form The Complete Truck Alliance. Such as Didi, The owner Zhipin.com, Kanzhu Co., Ltd., s The Complete Truck Alliance Released to the public United State Last month.

The kak She said she asked app stores to remove the app from Didi After it was discovered that the company illegally collected users’ personal data.

“The company expects the app’s withdrawal to have a negative impact on its revenue in China“, He said Didi In a statement, though, he did not specify the likely scope of the withdrawal.

Analysts said they do not expect a significant impact on earnings as a user base of Didi On China it’s huge. Disabling the application does not affect existing users.

MRA