Hung Tran writes for Atlantic Council: Didi Global Inc, China’s equivalent of Uber, launched its initial public offering (IPO) on June 30, raising $4.4 billion and joining thirty-five other Chinese companies that have offered shares in the United States so far this year (for a total $12.6 billion). However, right after Didi’s IPO, the Cyberspace Administration of China (CAC) opened an investigation into the company’s violations of national-security, cybersecurity, and data-security laws by “illegally collecting and using personal information.” The CAC banned Didi’s ride-hailing platform from app stores throughout China, leading to a 20 percent drop in Didi’s stock on July 6, and then banned 25 more Didi-operated apps on July 9. What lessons can one learn from this episode?
go to the analysis: Caveat emptor: Lessons from China’s actions against Didi Global – Atlantic Council
