Home Business Why Didi Shares Are Falling and Why China Is Cracking Down?: QuickTakeW

Why Didi Shares Are Falling and Why China Is Cracking Down?: QuickTakeW

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The Global Times, a Communist Party-backed newspaper, wrote in an editorial that Didi undoubtedly has the most detailed travel information on individuals among large internet firms and appears to have the ability to conduct “big data analysis” of individual behaviors and habits. To protect personal data as well as national security, China must be even stricter in its oversight of Didi’s data security, given that it’s listed in the U.S. and its two largest shareholders are foreign companies, it added. In its statement Tuesday, China’s State Council said it will improve regulations and laws regarding data security, cross-border data flow and management of confidential information.

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