October 2, 2023

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The Telegraph reports that Didi stopped launching in the UK after China's actions against the technology

The Telegraph reports that Didi stopped launching in the UK after China’s actions against the technology

According to the Telegraph newspaper published on Monday, Chinese private transport company Didi Global has put off plans to launch in the UK and continental Europe.

Chinese TD Global Logo on the New York Stock Exchange. 6/30/2021. Selectors / Brendan McDermott

Photo: Reuters

It has been reported that employees working at the publication may be laid off, and Didi stopped hiring in the UK, halting publication plans for at least 12 months, the report said.

The move comes after more than a month of crackdowns on China’s Internet industry, including companies such as Didi, for breach of trust, consumer data privacy and other violations.

Beijing regulators removed its use from stores during a cyber security investigation, prompted by concerns that data could be leaked from China.

The company did not immediately respond to a request for comment.

DT listed its shares in New York in June, raising $ 4.4 billion in initial public offerings (IPOs), making Alibaba its largest-selling e-commerce company since 2014.

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