Didi is preparing to relaunch its applications in China, Beijing investigation will soon end

by Julie Zhu and Yilei Sun

HONG KONG / BEIJING (Reuters) – Chinese ride-sharing giant Didi Global is preparing to relaunch its apps in China by the end of the year, counting on the forthcoming closure of Beijing’s investigation into the company’s cybersecurity, three people said. directly. involved in the project.

The three sources, who declined to be named, said they expect China’s cyberspace regulator, the China Cyberspace Administration (CAC), to end its sanctions in December, if there is any sanction.

The company is said to have set aside a 10 billion yuan (1.4 billion euros) envelope for the payment of a possible fine, according to one of the sources.

When asked about his preparations to relaunch his applications and the amount set aside for a possible fine, Didi said the information obtained by Reuters was “pure hearsay without merit.”

Without elaborating, Didi emphasized actively and fully cooperating with the investigation.

The ACC did not respond to a request for comment.

The regulator launched an investigation against Didi in early July, following its Wall Street IPO. He then ordered the company to suspend the registration of new clients, citing national security and public interest.

The CAC also ordered smartphone app stores to retire 25 mobile apps operated by the group, which has nearly 377 million active users per year in China.

On the New York Stock Exchange, Didi’s stock rose more than 5% Thursday in pre-market trading.

(Report Julie Zhu in Hong Kong and Yilei Sun in Beijing; French version Lucinda Langlands-Perry, edited by Blandine Hénault)

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