Didi Chuxing denies reports of transfer of data control and deregistration

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Beijing headquarters of Didi Chuxing File photo: VCG

Chinese ridesharing giant Didi Chuxing on Friday denied media reports claiming the ailing company was considering ceding control of the data to a third party, bringing in a major shareholder and even removing itself from the list, claiming that such rumors were false.

Reports of a transfer of control of the data, as well as rumors of the arrival of a major shareholder and delisting, are false information, the company said in a statement posted on its official Sina account. Weibo.

The response came shortly after a Reuters report claimed that Didi was in talks with Westone Information Industry, a state-owned information security company, listed in Shenzhen, to become its “main third-party company for manage its nationally stored big data in accordance with national regulators.

Westone is said to be allowed to access Didi’s servers across the country to track the ride-sharing platform’s “data collection, use and transfers”, according to the report, citing unidentified sources.

Westone has yet to comment on the report.

Using Westone for data management would be among the proposals Didi submitted in response to the regulatory inquiry.

The operator of the rideshare platform has come under heavy pressure over the past month since a high-level cybersecurity review was launched at the company just days after its massive but swift IPO. in the United States on June 30.

The Cyberspace Administration of China (CAC) announced the review of Didi’s cybersecurity in early July, and Didi’s ridesharing app was shortly thereafter subject to a takedown order due to “serious violations of the law. and regulations “in the collection and use of personal information.

Didi’s shares on the New York Stock Exchange opened higher at $ 9.71 on Friday, a drop of more than 30% from its IPO price of $ 14.

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