Rideshare app Didi in China security probe

·1-min read

Popular rideshare app Didi has found itself the subject of a national security and public interest investigation by China's cyberspace administration.

The Chinese watchdog did not offer any more details on the investigation, which it announced on Friday.

Didi said it plans to conduct a comprehensive examination of cybersecurity risks and will fully co-operate with the relevant government authority.

The review comes just two days after the SoftBank-backed company's blockbuster New York market debut, in what was the biggest US listing by a Chinese company since 2014.

Didi, which is also backed by technology investment giants Alibaba, Tencent and Uber, was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app.

It merged with peer Kuaidi Dache to become Didi Kuaidi, and was later renamed Didi Chuxing.

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