Didi Weighs Giving Up Data Control to Appease Beijing
- It’s considering various ways to appease the internet watchdog
- Didi says the proposal to hand over control is untrue
The Didi Global Inc. headquarters in Beijing.
Photographer: Yan Cong/BloombergThis article is for subscribers only.
Didi Global Inc. is weighing giving up control of its most valuable data as part of efforts to resolve a Chinese regulatory probe into the aftermath of its controversial U.S. initial public offering, people familiar with the matter said.
The ride-hailing giant has put forth a number of proposals to appease the powerful internet industry overseer, including ceding management of its data to a private third party, the people said, asking not to be identified talking about internal deliberations. Regulators have signaled a preference for that third party to be state-controlled, one of the people said.