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China Widens Probe Beyond Didi, Roiling Global Investors

  • Tech firms must not control more data than government: media
  • Didi was removed from app stores Sunday as part of data probe
Bloomberg business news
WATCH: China has ordered app stores to remove Didi Chuxing. Tom Mackenzie reports.(Source: Bloomberg)
Updated on

China expanded its latest crackdown on the technology industry beyond Didi Global Inc. 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 U.S., 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 just days after the ride-hailing giant completed one of the biggest U.S. listings of the past decade and within weeks of debuts by the other targeted companies -- Full Truck Alliance Co. and Kanzhun Ltd.