Didi denies reports that government is coordinating companies to invest in it
Published: Sep 04, 2021 02:50 PM
Didi Chuxing Photo:Weibo

Didi Chuxing Photo:CFP

Chinese ride-hailing giant Didi Chuxing on Saturday denied reports that said Beijing municipal government is coordinating government-run firms to invest in the company that is under a cybersecurity review.

Didi Chuxing's clarification came after Bloomberg reported that Beijing municipal government is considering taking the Chinese ride-hailing company under state control and has proposed that government-run firms invest in it.

In a post on China's Twitter-like Sina Weibo on Saturday, Didi Chuxing said that the reports are false. And that the company is actively and comprehensively cooperating with cybersecurity review.

In early July, the Cyberspace Administration of China (CAC) notified app stores to remove Didi Chuxing due to its violations of laws and regulations regarding the collection and use of personal information. In the same month, CAC together with other six top ministries and departments entered Didi Chuxing to do a cybersecurity review.