Didi Global is to relaunch its apps in China by the end of the year in the prospect of the probe into the company coming to an end, according to a report by Reuters on Thursday.
The company expected China’s cyberspace regulator to decide on all penalties on the company in December. Didi has set aside 10 billion yuan ($1.6 billion) for a possible fine.
In July, the powerful Cyberspace Administration of China (CAC) directed app stores to remove 25 mobile apps operated by Didi Inc a few days after the ride-hailing giant list in New York.
The regulator also told the company to stop registering new users, subject to national security and the public interest.
Didi shares listed on the New York Stock Exchange surged over 5% in premarket trading on Thursday after the Reuters report.
Leave a Reply