China's Didi Chuxing faces high-profile enforcement action over data processing
By Xu Yuan ( July 5, 2021, 00:26 GMT | Insight) -- Chinese ride-hailing app Didi Chuxing is subject to high-profile enforcement by China’s Internet regulator over data-processing activities, with events quickly escalating over the past weekend, days after the company raised $4.4 billion in its initial public offering in the US. The Cyberspace Administration made two separate announcements late on Friday and Sunday targeting Didi’s cybersecurity measures and its handling of personal data, ordering a suspension of the company's registration of new customers.Chinese ride-hailing app Didi Chuxing is subject to high-profile enforcement by China’s Internet regulator over data-processing activities, with events quickly escalating over the past weekend, days after the company raised $4.4 billion in its initial public offering in the US....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.