Monday, July 5, 2021

After Didi App ban, China launches probe into more apps that are US listed


After Didi, China launches cybersecurity probe into more US listed firms
BEIJING: China's our on-line world watchdog stated on Monday it is investigating on-line recruiter, and truck-hailing apps Huochebang and Yunmanman, ramping up a crackdown on the mainland's tech corporations amid tightened rules on statistics security.

The announcement comes a day after the Cyberspace Administration of China (CAC) ordered a suspension of app downloads for Chinese ride-hailing large Didi Global Inc, which went public in a US list ultimate month.

Full Truck Alliance, the end result of a merger between Huochebang and Yunmanman, and Kanzhu Ltd, the proprietor of, went public in the US inventory market remaining month.

The three app-based agencies need to halt new consumer registrations at some point of the review, the CAC stated in a statement, including that the investigations are to "prevent countrywide information protection dangers and shield country wide security".

The our on-line world corporation did now not provide similarly small print about the investigation into the three apps however noted China's country wide safety regulation and cybersecurity law.

Chinese regulators have additionally currently tightened scrutiny of net platform companies, consisting of Alibaba Group and Meituan, for anti-competitive practices.

Full Truck Alliance, regularly dubbed "Uber for trucks", has over 10 million registered truck drivers and greater than 5 million truck proprietors on its platform., which connects job seekers and employers, is China's largest on-line recruiter with 24.9 million month-to-month lively customers in the first quarter of 2021, Kanzhu stated in its prospectus.

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