The Didi app has been withdrawn from app stores, pending an investigation by the Cyberspace Administration of China. Didi is accused of illegally collecting and using personal data. Only few days ago, Didi went public on New York Stock Exchange in a US$4.4 billion (28 billion yuan) IPO.
The administration is also investigating tech firms Yunmanman, Huochebang, two subsidiaries of US listed Full Truck Alliance, as well as BOSS Zhipin which rang the gong in Nasdaq a month ago. The companies are not allowed to register new users during the investigation.
Didi said it would follow regulations and stop registering new users. Passengers and drivers who have already downloaded the app are not affected.