Didi to resume app downloads and new user registrations as Beijing security probe nears completion: report
- The ban on Didi accepting new users may be lifted as early as this week, while its apps are likely to be reinstated at the same time, the WSJ said
- Didi said last Thursday it had submitted a NYSE delisting notification, which would take effect in about 10 days
Chinese ride-hailing giant Didi Chuxing, whose New York listing under the name Didi Global triggered a cybersecurity investigation nearly a year ago, will soon be cleared by regulators to resume normal business, according to a report in The Wall Street Journal on Monday.
The ban on Didi accepting new users may be lifted as early as this week, while its 26 apps that were removed from domestic app stores a week after the investigation began, are also likely to be reinstated at that time, according to the report, which cited people familiar with the discussion.
Didi did not immediately respond to a request for comment on Monday. The Cyberspace Administration of China, the country’s powerful internet watchdog that leads the investigation, also did not immediately respond to a similar request.
Following the WSJ report, Didi’s shares in New York gained 50 per cent in premarket trading.
Similar restrictions on two other New York-listed internet firms, logistics platform Full Truck Alliance and recruitment site Boss Zhipin, known as Kanzhun on the capital market, will also be eased as early as this week, according to the report.
Didi shareholders last month agreed to “voluntarily” delist the firm from the New York Stock Exchange, a necessary step for the company to satisfy Beijing’s demands and to resume normal business operations.
Didi said last Thursday it had submitted a delisting notification, which would take effect in about 10 days.