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Jul 6, 2021

China orders the removal of the Didi ridehailing app from stores, accusing the ride-hailing company of illegally collecting personal data.
The suspension comes days after the company's New York IPO. China's cyberspace agency accused the company of "serious violations" of collecting and using user data. Didi responded that it would comply and make necessary changes. Registration of new users has been suspended and users who have downloaded the Didi App can still use it. Didi's valuation is about $86B (Uber currently is $93B). Link
Photo credit: Pingwest

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