Ride-hailing service Didi mulls giving up data control to appease China

Didi’s shares are trading 14.5% below the U.S. IPO price.

Chinese ride-hailing firm Didi Global Inc is in talks with state-owned information security firm Westone to handle its data management and monitoring activities, sources said, as part of its efforts to placate domestic regulators.

The largest Chinese ride-hailing group became the target of an investigation by regulators in the country just days after it raised $4.4 billion in an initial public offering in the United States.

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