Didi says app takedown may hurt revenue

Didi says app takedown may hu…

Didi says app takedown may hurt revenue

The Jakarta Post | 2021-07-05 18:06

China's biggest ride-hailing firm Didi Global Inc said on Sunday that the removal of its DiDi Chuxing app from smartphone app stores in China was expected to have an adverse impact on its revenue. Earlier on Sunday, China's cyberspace regulator ordered app stores to stop offering Didi's app after finding that the company had illegally collected users' personal data. "The Company expects that the app takedown may have an adverse impact on its revenue in China," the company said in a statement. The Cyberspace Administration of China (CAC) said it had told Didi to make changes to comply with Chinese data protection rules, four days after Didi began trading on the New York Stock Exchange, having raised US$4.4 billion in an initial public offering. The CAC did not specify the nature of Didi's violation in a s...

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