BEIJING—The Our on-line world Administration of China (CAC) mentioned on July 16 that officers from a minimum of seven departments despatched groups to conduct an on-site cybersecurity evaluate of ride-hailing large Didi International Inc.
The regulators embrace the CAC, Ministry of Public Safety, Ministry of State Safety, Ministry of Transport, Ministry of Pure Sources, State Taxation Administration, and State Administration for Market Regulation, in response to the assertion.
CAC didn’t provide another particulars in its assertion, however the involvement of a number of authorities businesses signifies heavier regulatory strain on the nine-year-old firm.
China is within the technique of revamping its coverage in the direction of privateness and information safety. It’s drafting a Private Data Safety Regulation, which requires tech platforms to impose stricter measures that guarantee safe storage of consumer information.
In September, China is about to implement its Information Safety Regulation, which requires corporations that course of “vital information” to conduct threat assessments and submit experiences. It additionally calls on organizations that course of information affecting China’s nationwide safety to undergo annual evaluations.
CAC launched the data-related cybersecurity investigation into Didi simply two days after it raised $4.4 billion from its New York preliminary public providing, citing the necessity to shield nationwide safety and the general public curiosity. Regulators additionally ordered Didi to take away its apps in China which the corporate mentioned may harm its income.
Didi, which at the moment has a market capitalization of $60 billion, didn’t instantly reply to a request for touch upon CAC’s new assertion. It earlier mentioned it shops all China consumer and highway information in China.
By Yingzhi Yang, Yilei Solar and Tony Munroe