Didi Global is said to halt its Hong Kong listing plan amid ongoing cybersecurity probe, sources say

Source: Tech – South China Morning PostDidi Global has suspended preparations for its planned Hong Kong listing after failing to appease Chinese regulators’ demands that it overhaul its systems for handling sensitive user data, according to people familiar with the matter.The Cyberspace Administration of China (CAC) informed Didi executives their proposals to prevent security and data leaks had fallen short, the people said. Its main apps, removed from local app stores last year, will remain suspended for the time being, said one of…Read More

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