Didi Denies Management Changes Amid Cybersecurity Probe

By Reuters
August 12, 2021Chinashare
Didi Denies Management Changes Amid Cybersecurity Probe
A logo of Chinese ride-hailing giant Didi Chuxing is seen at its headquarters in Beijing, on July 2, 2021. (Jade Gao/AFP via Getty Images)

BEIJING—China’s ride-hailing giant Didi Global Inc said on Thursday that rumors about a possible management change are not true.

“Didi is actively and fully cooperating with regulators’ cybersecurity probe, market rumors about management change at the company is not true,” Didi said in a Weibo post.

The statement followed a South China Morning Post report, citing people familiar with the matter, that Didi may reshuffle its senior management team as a result of ongoing cybersecurity investigations.

In July, just days after Didi’s $4.4 billion listing on the New York Stock Exchange, the Cyberspace Administration of China ordered app stores to remove Didi’s main ride-hailing app.

The regulator also told Didi to stop registering new users amid a probe into the company, citing national security and the public interest.

Didi is led by Chief Executive Will Cheng and President Jean Liu.

By Yilei Sun and Brenda Goh

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