After 18 months of investigation, Didi is back at the start in China.
The ride hailing service didi was suspended in China for 18 months. The company has now regained its approval.
Officially, the reason for the withdrawal of the license was the illegal collection of user data. In July 2021, Didi was removed from the country’s app stores, although Didi was in new York completed a stock market launch. Didi was able to pocket four billion US dollars. Apparently that was a thorn in Beijing’s side.
media report that Didi failed to reassure the government that data from China is protected in the US. A safety investigation was then launched. Shortly before the restart, Didi announced that one would contact the security authorities and make appropriate corrections. The security authorities mean the relatively new Cybersecurity Review Office, which oversees data security on the Internet.
In addition to updating the data security Didi apparently also had to pay a billion US dollar fine. Didi is no longer in the US, but can be traded on the Hong Kong stock exchange again. This is also a consequence of the trade difficulties between the United States and China.