Chinese ride-hailing giant Didi Global Inc has suspended its plans to launch in the UK and continental Europe, The Telegraph reported on Monday, against the backdrop of a regulatory backlash at home over data privacy.
Reportedly, employees working on the planned launch have been told they are facing potential redundancies and Didi has stopped hiring in the UK, stretching the launch plan for at least a year. have taken. (https://bit.ly/2WaN29Z)
“We continue to explore additional new markets, liaising with relevant stakeholders in each and thinking about when to launch our services,” a Didi spokesperson said without mentioning UK launch plans.
“We look forward to sharing as soon as we have any more news on additional new markets.”
Chinese companies have been caught in a pinner with mounting US scrutiny on one hand and domestic regulatory action on the country’s largely Internet sector.
The move has rattled the tech giant in the country and is under cybersecurity review, as China improves its policy towards privacy and data security to ensure the secure storage of user data.
Didi listed its shares in New York in June and raised $4.4 billion in an initial public offering, which seeks to expand its international business with recent launches in South Africa, Ecuador and Kazakhstan.
read all breaking newshandjob breaking news And coronavirus news Here