Didi Chuxing said it faces a negative impact after it complied with a Chinese order to remove 25 more apps from mobile app stores for breaching the country's data security laws.
China’s cyber space regulator on Friday banned downloads of the apps, which it accused of “serious illegal collection and use of personal information”.
They included the enterprise version of Didi's core service, as well as apps covering finance and delivery.
Didi’s US-traded shares fell by 7.2 per cent in New York on Monday. That adds to a rout that began after the Cyber Space Administration of China stunned the industry and investors by launching a probe into the company only two days after it pulled off the second-largest US initial public offering by a Chinese company.
The company went public at $14 a share less than two weeks ago and reached $16.40 before the crackdown. It closed at $11.16 in New York on Monday.
Didi’s main app, which functions much in the same way as Uber's, was pulled from mobile app stores a week ago. The company said at the time that the move would have a negative effect on its business.
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
The Cairo Statement
1: Commit to countering all types of terrorism and extremism in all their manifestations
2: Denounce violence and the rhetoric of hatred
3: Adhere to the full compliance with the Riyadh accord of 2014 and the subsequent meeting and executive procedures approved in 2014 by the GCC
4: Comply with all recommendations of the Summit between the US and Muslim countries held in May 2017 in Saudi Arabia.
5: Refrain from interfering in the internal affairs of countries and of supporting rogue entities.
6: Carry out the responsibility of all the countries with the international community to counter all manifestations of extremism and terrorism that threaten international peace and security
Joe Root's Test record
Tests: 53; Innings: 98; Not outs: 11; Runs: 4,594; Best score: 254; Average: 52.80; 100s: 11; 50s: 27
