(SCMP) China’s regulatory taskforce has initiated an on-site cybersecurity scrutiny of Didi following its hasty New York listing.
The inspection occurs only two weeks after authorities announced plans for cybersecurity review on Didi and halted new users from registering on its platform.
Chinese authorities accuse Didi of making going public in New York without its consent.
Beijing is aware of the information security concerns of foreign listings, with the regulators suspecting deceit in Didi’s US listing.
The probe reflects China’s move to maintain a grip of internet giants, with companies such as Alibaba also having faced an antitrust investigation.
It is not clear how long Didi’s probe will take, but a cybersecurity review usually occurs up to 45 working days.
Didi reacts to news, DIDI: NYSE is down -5.74%
