Beijing lifts restrictions on DiDi ridesharing service
DiDi Chuxing’s difficulties may be coming to an end as Beijing lifts restrictions on the ridesharing service.
Beijing targeted DiDi after the company raised $4 billion from selling its shares on the New York Stock Exchange (NYSE). In the days following the listing, Beijing launched a data security probe into DiDi on the basis that it was “illegally collecting user data”.
Amid increased US-China tensions, Beijing has sought to clamp down on Chinese firms listing in...
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