Didi Announces Takedown of Additional Apps in China

Rhea-AI Summary

DiDi Global Inc. (NYSE: DIDI) announced that the Cyberspace Administration of China (CAC) confirmed serious violations regarding the collection of personal information by 25 of its apps. As a result, these apps are to be removed from app stores in China, potentially impacting DiDi's revenue. The CAC mandated strict compliance with PRC laws to rectify these issues. DiDi, a leading mobility technology platform, operates across multiple regions including Asia Pacific and Latin America, offering services like ride hailing, food delivery, and financial solutions.

Positive

• None.

Negative

• Takedown of 25 apps may adversely impact revenue in China.
• Violation of personal information collection laws could lead to further regulatory scrutiny.

DiDi Global Inc. (“Didi” or the “Company”) (NYSE: DIDI), the world’s leading mobility technology platform, today announced that: According to the announcement posted by the Cyberspace Administration of China (the “CAC”) on July 9, 2021, the CAC stated that it was confirmed that 25 apps operated by the Company in China, including the apps used by users and drivers, had the problem of collecting personal information in serious violation of relevant PRC laws and regulations. Pursuant to the PRC's Cybersecurity Law, the CAC notified app stores to take down these apps and cease to provide viewing and downloading service in China, and required the Company to strictly comply with relevant laws and regulations, follow the relevant standards set by the PRC government authorities, and rectify the problem to ensure the security of users' personal information. The Company expects that the app takedown may have an adverse impact on its revenue in China.

About DiDi Global Inc.

DiDi Global Inc. (NYSE: DIDI) is the world’s leading mobility technology platform. It offers a wide range of app-based services across Asia Pacific, Latin America and Africa, as well as in Central Asia and Russia, including ride hailing, taxi hailing, chauffeur, hitch and other forms of shared mobility as well as auto solutions, food delivery, intra-city freight and financial services.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210712005341/en/

FAQ

What apps were affected by the CAC announcement regarding DiDi (DIDI)?

The CAC announced that 25 apps operated by DiDi in China faced takedown due to serious violations of personal information collection laws.

How will the app takedown affect DiDi's revenue?

DiDi expects the takedown of its apps in China to have an adverse impact on its revenue.

What did the CAC require from DiDi after the app violations?

The CAC required DiDi to strictly comply with PRC laws and rectify the issues related to personal information security.

When did the CAC announce the violations regarding DiDi (DIDI)?

The CAC announced the violations on July 9, 2021.

What services does DiDi (DIDI) provide?

DiDi provides ride hailing, taxi hailing, food delivery, intra-city freight, and financial services across various regions.