Didi says delisting apps may adversely affect China’s revenue Reuters

(Reuters)-Didi Global Inc, China’s largest online ride-hailing company, said on Sunday that it removed its “Didi Travel” app from the Chinese smartphone app store and is expected to increase its revenue in China Have an adverse effect.

Earlier on Sunday, Chinese cyberspace regulators ordered the app store to stop offering Didi apps after discovering that Didi was collecting personal data illegally.

The company said in a statement: “The company expects that the delisting of the application may have an adverse effect on its revenue in China.”

In its submission https://www.sec.gov/Archives/edgar/data/1764757/000104746921001194/a2243272zf-1.htm, Didi reported from June that its income for the three months ended March 31 It is RMB 42.2 billion (US$6.52 billion). Among them, 39.2 billion yuan came from China Mobile’s business unit, and about 800 million yuan came from international business.

Didi has a dominant position in China’s online car-hailing business, operating in 4,000 locations in 16 countries.

Didi said it will try to correct any problems and will protect users’ privacy and data security.

The company also said that once the app is removed from the app store, new users will no longer be able to download the app in China, but existing users who have installed the app before it is removed may continue to use the app.

A few days after Didi’s initial public offering on the New York Stock Exchange, the company has raised $4.4 billion through the initial public offering.

A Didi executive said on Saturday that the company stores all Chinese user and road data on servers in the country, and it is “absolutely impossible” to transmit the data to the United States.

($1 = 6.4721 renminbi)