The Cyberspace Administration of China launched an investigation into the country’s largest ride-hailing company Didi Chuxing citing issues related to national data security. The investigation was launched two days after Didi Chuxing debuted in the New York Stock Exchange. Didi Chuxing said that they will cooperate with the relevant government authority. The Wall Street Journal in a report said that China increased its crackdown on tech companies citing anti-competitive practices among Chinese internet giants. It also said that the Chinese government called out tech companies citing alleged offences, including inconsistent pricing, user privacy concerns and difficult working conditions.

Source: Hindustan Times July 03, 2021 14:26 UTC