Business Standard

China widens probe beyond Didi Global, roiling global investors

The company says app takedown may hit its revenue

Didi Chuxing. Photo Reuters
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Didi Chuxing

BloombergReuters
China expanded its latest crackdown on the technology industry beyond Didi Global to include two other companies that recently listed in New York, dealing a blow to global investors while tightening the government’s grip on sensitive online data.

In a series of announcements that began on Friday and escalated over a holiday weekend in the US, Beijing ordered all three companies to halt new user registrations and told app stores to remove Didi’s service from their platforms. The regulatory onslaught came days after the ride-hailing giant completed one of the biggest US listings of the past decade and within weeks of

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