Didi Denies Core Management Changes During Cybersecurity Probe
Didi Global, a leading Chinese ride-hailing platform, affirmed in a Weibo post that the company is actively and fully cooperating with regulators’ ongoing cybersecurity probe, and that rumors concerning changes to the company’s management are not true.
This morning, a source said that the official scrutiny of Didi’s internal operations is mainly to clarify its IPO responsibilities and fix various loopholes in its app. Up to now, this investigation has lasted for several weeks. The source also stated that Cheng Wei, Didi’s founder and CEO, Jean Liu, president, and Zhu Jingshi, senior vice president, who collectively hold more than 50% of the firm’s shares, are under investigation by the Office of the Central Cyberspace Affairs Commission. Furthermore, it is reported that Didi president Jean Liu faces the risk of leaving the company.
On the evening of August 6, the company denied that “Didi transferred data rights to third parties, introduced major shareholders and delisted.”
On June 30, Didi completed its listing on the NYSE. Just five days later, the Cyberspace Administration of China (CAC) ordered app stores to remove Didi’s main ride-hailing app due to its “collecting and using personal information in serious violation of laws and regulations.”
SEE ALSO: “Traitor” and “Evil Capitalist” Allegations Fuel a Perfect Storm for Didi
On July 4, major app stores removed the Didi Chuxing ride hailing app. On July 7, the app was removed from the Alipay and WeChat platforms. In addition, Didi’s official website no longer provides downloads of the app.
On July 16, the CAC, together with the Ministry of Public Security and seven other national departments, entered Didi’s headquarters to carry out a cybersecurity review.