Chinese Ride-Hailing Giant Denies Sending User Data To US After NYSE Listing
Fahad Shabbir (@FahadShabbir) Published July 03, 2021 | 05:20 PM
MOSCOW (UrduPoint News / Sputnik - 03rd July, 2021) Chinese ride-hiring company Didi Chuxing denied rumors on Saturday that it started sharing Chinese user data with the United States after it was listed on the New York Stock Exchange (NYSE).
"Like many other Chinese firms listed overseas, all of Didi's domestic user data are stored in domestic servers and there is no possibility to hand them to the US side," the Vice President of the company Li Min said, as quoted by Global Times.
A review was launched into the company on Friday by China's cybersecurity watchdog, which heightened thoughts that the company may have provided the US with Chinese user data.
Li added that Didi is ready to launch lawsuits against anyone who continues to claim data transfer, in order to protect the company's rights and interests.
During the review period new users will not be allowed to register for Didi Chuxing.
In a statement sent to the Global Times, Didi confirmed that they will "actively cooperate with the cybersecurity review."
Didi also promised it will carefully monitor and improve its cybersecurity.
After the announcement of the review on Friday, Didi's shares on the NYSE went down from $16.35 to $14.96 and are currently trading at $15.53.
Related Topics
Recent Stories
Govt likely to hike electricity price once again
Bismah Maroof announces immediate retirement from international cricket
Malala expresses unwavering support for Gaza people
Selection committee dissolved over Pakistan women cricket team's poor performanc ..
Punjab CM Maryam Nawaz in police uniform at Chung police center
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
More Stories From World
-
US announces sweeping cuts to power sector carbon emissions
6 minutes ago -
US to give Micron $6.1 bn for American chip factories
6 minutes ago -
Venice launches five-euro entry fee
16 minutes ago -
New Godzilla x Kong film continues to lead Chinese box office
16 minutes ago -
2024 Zhongguancun Forum opens in Beijing to focus on cutting-edge technologies
16 minutes ago -
Philippines grapples with measles, pertussis outbreaks: UNICEF
36 minutes ago
-
450,000 stimulant tablets seized in Myanmar's Yangon
36 minutes ago -
Mining giant Anglo American shares jump on BHP bid
36 minutes ago -
Cambodia's rubber export up 5.1 pct in Q1
36 minutes ago -
Zimbabwean president reshuffles cabinet
37 minutes ago -
Football: Italian Cup result
37 minutes ago -
Sugar futures close lower
47 minutes ago