The application of vehicles with driver contradicts the information of the Wall Street Journal, in order to calm its tensions with China.
Didi, the “Chinese Uber“, Has just denied the hypothesis of an exit from the New York Stock Exchange in order to appease Beijing’s anger, an option mentioned a few hours earlier by the American press. “Rumors about the stock market exit are false»Wrote the group in a message posted on the social network Weibo.
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the Wall Street Journal however, had asserted that Didi could leave the American financial center, in return for financial compensation for its shareholders, when China is carrying out an investigation in connection with the collection of private data from the company. “The company’s Beijing headquarters held discussions with key bankers, regulators and investors on how to resolve some of the issues after Didi broke into the New York Stock Exchange on June 30.“, Affirms the American daily business, quoting sources close to the file.
A conflict with China
The exit from the Stock Exchange, involving a public offer to buy back the securities, was one of the options initially mentioned, specifies the American newspaper. This news made the title of the giant of VTC in electronic transactions leading up to the opening of US markets on Thursday. Denying these rumors, Didi claims on Weibo that he “actively and fully cooperates in the review of cybersecurityWith Beijing. The company dominates the market for the reservation of cars with driver (VTC) in its country, but by order of the authorities the application can no longer be downloaded. The measure is however of no consequence for users who have already installed it on their phone.
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Regulators and investigators from several ministries landed in mid-July at Didi headquarters to review security issues around personal data, an operation of unprecedented scale. These setbacks come after the raising of 4.4 billion dollars (3.7 billion euros) by Didi during its entry at the end of June to the New York stock market which Beijing was not in favor of.
They come against a backdrop of growing rivalry with Washington, especially in the field of tech, with Beijing now fearing that crucial data accumulated by its giants will leak abroad.
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