China's cyberspace<\/a> administration said on Friday it has launched a new investigation into ride-hailing giant Didi<\/a> Global Inc to protect national security and public interest.
The cyber watchdog did not offer more details on the investigation.
Didi said it plans to conduct a comprehensive examination of cybersecurity<\/a> risks and will fully cooperate with the relevant government authority.
The review comes just two days after the SoftBank-backed company's blockbuster New York market debut, in what was the biggest U.S. listing by a Chinese company since 2014.
Didi, which is also backed by technology investment giants Alibaba<\/a>, Tencent and Uber, was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing<\/a>.
The U.S.-listed shares of the company were down 7.9% at $15.1 in premarket trading.
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China's cyberspace<\/a> administration said on Friday it has launched a new investigation into ride-hailing giant Didi<\/a> Global Inc to protect national security and public interest.
The cyber watchdog did not offer more details on the investigation.
Didi said it plans to conduct a comprehensive examination of cybersecurity<\/a> risks and will fully cooperate with the relevant government authority.
The review comes just two days after the SoftBank-backed company's blockbuster New York market debut, in what was the biggest U.S. listing by a Chinese company since 2014.
Didi, which is also backed by technology investment giants Alibaba<\/a>, Tencent and Uber, was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing<\/a>.
The U.S.-listed shares of the company were down 7.9% at $15.1 in premarket trading.
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