China Widens Probe Beyond Didi, Roiling Global Investors

by finance.yahoo.com posted 3weeks ago 9 views
(Bloomberg) -- China expanded its latest crackdown on the technology industry beyond Didi Global Inc. to include two other companies that recently listed in New York, dealing a blow to global investors while tightening the government’s grip on sensitive online data. In a series of announcements that began on Friday and escalated over a holiday weekend in the U.S., Beijing ordered all three companies to halt new user registrations and told app stores to remove Didi’s service from their platforms.

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