Didi Suspends UK Launch Plans Amid China Crackdown on Tech Firms: Telegraph

Didi Suspends UK Launch Plans Amid China Crackdown on Tech Firms: Telegraph
The logo for Chinese ride-hailing company Didi Global Inc. is pictured during the IPO on the New York Stock Exchange floor in New York City, on June 30, 2021. Brendan McDermid/Reuters
Reuters
Updated:

Chinese ride-hailing giant Didi Global Inc has suspended its plans to launch in Britain and continental Europe, The Telegraph reported on Monday, against the backdrop of a regulatory backlash at home over data privacy.

Staff working on the planned launches have been told that they face possible redundancy and Didi has stopped hiring in Britain, pulling the launch plans for at least a year, according to the report.