China watchdog launches review of Didi Global days after IPO

HONG KONG (AP) — China’s internet watchdog said Friday that it has launched an investigation into ride-hailing company Didi Global Inc. to protect national security and public interest, days after the company went public in New York. The Cyberspace Administration of China said in a statement on its website that it would conduct a cybersecurity review in accordance with China’s cybersecurity law. While the investigation is ongoing, Didi will not accept registrations of new users. Didi said in a statement it would cooperate with authorities during the review. The investigation comes days after Didi went public in New York, as authorities grow increasingly concerned over the influence of China’s technology firms.