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- Chinese technology company of DiDi Global self made Domestic ride-hailing app returns to China Apple AAPL app store.
- The app was also reinstated in select Android app stores on January 17, according to Reuters.
- The main dispatch app is Huawei Technologies When Xiaomi Corporation XIACF Shearcyreports Bloomberg.
- Didi has sought approval to resume new user registrations and downloads of 25 banned apps in China since the regulatory crackdown began in mid-2021.
- DiDi’s easing will likely come before the Lunar New Year holiday period, which will allow DiDi to start attracting new customers for its business.
- DiDi’s withdrawal of the ban was delayed by a change in leadership and a resurgence of the pandemic in the country.
- China has struggled to restore confidence in the private sector and spur economic activity ravaged by the pandemic.
- The report further states that DiDi once Uber Technologies Inc. uber It is one of the companies at the center of the regulatory crackdown on the Internet industry that began with the Ant Group IPO suspension.
- China fined DiDi $1.2 billion in July.
- Didi launched in Beijing in 2012, Alibaba Group Holding Limited baba It frustrated regulators by going public on the U.S. stock market against their will.
- DiDi had to exit the NYSE in June 2022.
- Price action: DIDIY shares closed 7.25% higher at $4.44 on Thursday.
© 2023 Benzinga.com. Benzinga does not provide investment advice. all rights reserved.
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