HONG KONG — China’s cybersecurity agency said on Friday that a team of officials from seven national regulators was being dispatched for an on-site inspection of the operations of ride-hailing company Didi Global.
In addition to the Cyberspace Administration of China, other bodies represented in the group include the State Administration for Market Regulation, the Ministry of Public Security, the Ministry of State Security, the Ministry of Transport and the State Administration of Taxation.
Earlier this month, the CAC ordered mobile app stores to remove 26 of Didi’s programs, including its main ride-hailing app, and blocked it from signing up new customers just days after the Beijing-based company’s $4.4 billion initial public offering on the New York Stock Exchange. The agency said Didi had wrongly collected and mishandled personal data from its customers.
Didi shares closed on Thursday at $12.36 compared with their IPO price of $14.