China to wrap probe into Didi as soon as this week, WSJ says

The ride-hailing giant shed US$70bil (RM307.72bil) of market value at one point after regulators suspended its apps from stores, imposed curbs on overseas listings and tightened up on Didi’s industry in the wake of its June 2021 IPO. — Reuters

Chinese regulators are preparing to wrap up their investigation into Didi Global Inc and restore the ride-hailing giant’s main apps to mobile stores as soon as this week, the Wall Street Journal reported.

Regulators are also finishing up their probes into data security at two other firms, Full Truck Alliance Co and online recruitment platform Kanzhun Ltd, the Journal said, citing unidentified people familiar with the discussion. Agencies including the Cyberspace Administration of China told executives from the three companies of their plan during meetings last week, the Journal added.