Didi Denies Management Changes Amid Cybersecurity Probe

By Reuters
Reuters
Reuters
August 12, 2021 Updated: August 12, 2021

BEIJING—China’s ride-hailing giant Didi Global Inc said on Thursday that rumors about a possible management change are not true.

“Didi is actively and fully cooperating with regulators’ cybersecurity probe, market rumors about management change at the company is not true,” Didi said in a Weibo post.

The statement followed a South China Morning Post report, citing people familiar with the matter, that Didi may reshuffle its senior management team as a result of ongoing cybersecurity investigations.

In July, just days after Didi’s $4.4 billion listing on the New York Stock Exchange, the Cyberspace Administration of China ordered app stores to remove Didi’s main ride-hailing app.

The regulator also told Didi to stop registering new users amid a probe into the company, citing national security and the public interest.

Didi is led by Chief Executive Will Cheng and President Jean Liu.

By Yilei Sun and Brenda Goh

Reuters
Reuters