China’s internet regulator said it is reviewing the cybersecurity of Didi Chuxing Technology Co., the Chinese ride-hailing business of Didi Global Inc., which went public in the U.S. on Wednesday.
No new user registration is allowed during the review to prevent potential risks expanding, the Cyberspace Administration of China said late Friday.The regulator didn’t say how long the review would last but said that the move was aimed at safeguarding national data security.To Read the Full Story
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Reason number 5,496 of why you can't invest in Chinese companies as long as the CCP is in power.
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