China asks Didi to withdraw from the New York Stock Exchange

Bloomberg reported that the Chinese authorities asked the giant Didi Global to delist its name from the New York Stock Exchange due to concerns about the leakage of sensitive data.

And the American website said that the Chinese Technology Supervisory Agency asked the management of Didi to remove the company from the New York Stock Exchange in an unprecedented move.

Didi and China's technology watchdog did not respond to Reuters' requests for comment.

In July, the Chinese authorities opened an investigation into Didi aimed at "preventing risks related to national data security".

The investigation came two days after the company's massive initial public offering in New York, which led experts to believe the actions targeting Didi are part of an ongoing government crackdown on the country's tech giants.

The Chinese authorities also directed the removal of the Didi application from online stores, due to "serious" problems related to the collection and use of customer data, days after it was listed on the New York Stock Exchange.

Didi at the time responded to requests from China's regulatory authorities and said it had stopped registering new users and would make changes to comply with national security rules and protect personal data.

Didi, China's dominant app for taxi services, was among 34 technology companies summoned by Chinese antitrust authorities in April, including Alibaba and other tech companies such as ByteDance, the owner of the popular TikTok app.

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