Didi may soon get regulators’ nod to add new users

Chinese regulators may allow Didi Global to add new users from this week following the conclusion of cybersecurity reviews that lasted months, The Wall Street Journal reported, citing people familiar with the matter.

Besides lifting the ban on Didi adding new users, regulators may also restore Didi’s mobile apps, Full Truck Alliance and Kanzhum, on local app stores. These apps were taken down in July 2021 after the regulators launched a probe into the company’s data management practices.

The decision to relax curbs on local tech firms may be in response to forecasts of weak economic growth for China, the report added.

Didi is among the hardest hit by China’s crackdown on the country’s tech firms. In June 2021, the mobility giant launched what was considered to be one of the biggest listings in the US by a Chinese company since Alibaba’s listing in 2014. Since going public, Didi’s market value has shrunk 90%.

The company is set to delist from the New York Stock Exchange. Didi said the move was necessary to ensure better cooperation with the probe launched by Chinese regulators.

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