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	<title>Didi Archives - International Finance</title>
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		<title>Chinese ride-hailing giant Didi suspends UK expansion plans</title>
		<link>https://internationalfinance.com/technology/chinese-ride-hailing-giant-didi-suspends-uk-expansion-plans/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=chinese-ride-hailing-giant-didi-suspends-uk-expansion-plans</link>
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		<dc:creator><![CDATA[International Finance Business Desk]]></dc:creator>
		<pubDate>Thu, 26 Aug 2021 06:59:28 +0000</pubDate>
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		<category><![CDATA[Technology]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[China technology]]></category>
		<category><![CDATA[Didi]]></category>
		<category><![CDATA[SoftBank]]></category>
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		<guid isPermaLink="false">https://internationalfinance.com/?p=42236</guid>

					<description><![CDATA[<p>The plan to launch in the UK as well as Europe is now postponed by at least 12 months</p>
<p>The post <a href="https://internationalfinance.com/technology/chinese-ride-hailing-giant-didi-suspends-uk-expansion-plans/">Chinese ride-hailing giant Didi suspends UK expansion plans</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>China-based ride-hailing giant Didi has suspended its plan to launch in the UK as well as Europe as faces political and regulatory challenges in its home country, media reports said. The plan to launch in the UK and Europe has been postponed by at least 12 months.</p>
<p>The company was set to launch in the UK as it secured licences to operate in Manchester, Salford and Sheffield.</p>
<p>A Didi spokesperson told the media, “We continue to explore additional new markets, liaising with relevant stakeholders in each and being thoughtful about when to introduce our services. As soon as we have news on additional new markets, we look forward to sharing it.”</p>
<p>In July, China’s cyberspace regulator recently ordered the app stores to ban ride-hailing firm Didi Global after the application has severely violated relevant laws and regulations while collecting and abusing user data.</p>
<p>The regulator also told the ride-hailing company to take strict measures to fix the loopholes which are in accordance with the law and national standards which will ensure the data safety of users.</p>
<p>Earlier this year, the company revealed a loss of $1.6 billion for 2020 in its latest IPO filing. While filing a prospectus for its upcoming blockbuster US IPO, the company revealed that they have incurred heavy losses in recent years but now there is a solid chance of getting closer to profitability.</p>
<p>Last year, the company raised a funding of $62 billion, according to media reports. Didi’s largest shareholders include SoftBank’s Vision Fund, Uber Technologies, and Tencent Holdings.</p>
<p>The post <a href="https://internationalfinance.com/technology/chinese-ride-hailing-giant-didi-suspends-uk-expansion-plans/">Chinese ride-hailing giant Didi suspends UK expansion plans</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>Didi in trouble for data violation after mega IPO</title>
		<link>https://internationalfinance.com/technology/didi-in-trouble-for-data-violation-after-mega-ipo/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=didi-in-trouble-for-data-violation-after-mega-ipo</link>
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		<dc:creator><![CDATA[International Finance Business Desk]]></dc:creator>
		<pubDate>Mon, 05 Jul 2021 10:07:14 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[China technology]]></category>
		<category><![CDATA[Didi]]></category>
		<category><![CDATA[Didi global]]></category>
		<guid isPermaLink="false">https://internationalfinance.com/?p=41666</guid>

					<description><![CDATA[<p>A China cyberspace regulator has asked the app to be removed after it was found that they were illegally storing customer data</p>
<p>The post <a href="https://internationalfinance.com/technology/didi-in-trouble-for-data-violation-after-mega-ipo/">Didi in trouble for data violation after mega IPO</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>China’s cyberspace regulator recently ordered the app stores to ban ride-hailing firm Didi Global after the application has severely violated relevant laws and regulations while collecting and abusing user data, according to media reports. </p>
<p>The regulator also told the ride-hailing company to take strict measures to fix the loopholes which are in accordance with the law and national standards which will ensure the data safety of users. </p>
<p>Due to these serious breaches of privacy, the Chinese watchdogs have begun an investigation into Didi Chuxing for serious breach in data privacy. Didi, in response to this, released a statement, saying, “The company will strive to rectify any problems, improve its risk prevention awareness and technological capabilities, protect users&#8217; privacy and data security, and continue to provide secure and convenient services to its users.”</p>
<p>The Cyberspace Administration of China (CAC) also added, saying that after a series of checks and verifications, the ride-hailing app was found to be in serious violation of regulations in its collection and use of information. Just a few days earlier, the CAC announced that it was investigating the firm to uphold national security and public safety, which caused Didi’s shares to drop by 5.3 percent. </p>
<p>Didi has gathered massive amounts of real-time information and it uses some of the data for autonomous driving technologies and traffic analysis. </p>
<p>The post <a href="https://internationalfinance.com/technology/didi-in-trouble-for-data-violation-after-mega-ipo/">Didi in trouble for data violation after mega IPO</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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