Didi Chuxing ‘forced its way’ to a New York listing, triggering data security review, sources say

Source says Didi pushed ahead with US listing before it had full clearance from CAC, forcing Beijing’s hand. Didi says it had no foreknowledge of security review and says it will cooperate with Chinese authorities. — SCMP

Didi Chuxing pushed ahead with its listing in New York before the Cyberspace Administration of China (CAC) had fully cleared the ride-hailing giant’s data security concerns, forcing Beijing to put it under a national security review and kick it off the country’s app stores, according to two people familiar with the situation.

One regulatory source in Beijing, who is not directly involved in the case but was briefed on discussions, said Didi had “forced its way” to go public in New York without completing a thorough data security assessment by CAC, a necessary step for Beijing amid its enhanced scrutiny of data security.