Questions like these have taken on a more tangible quality this week after China’s cyberspace watchdog shocked investors by ordering app stores to drop Didi’s smartphone app on concerns over data security.Ĭoming just days after the firm’s high-profile listing in New York, it was a hammer blow for Didi’s shares, which plunged violently.īut analysts are also scrambling to decipher what the move might signal more broadly for China’s data privacy regime while investors are wondering whether it will stem the flow of Chinese firms going public on US bourses, curtailing the financial prospects of some of the best-known internet and tech unicorns.ĭidi raised about $4 billion at the end of last month in the largest IPO on the New York Stock Exchange (NYSE) since Chinese e-commerce giant Alibaba went public in 2014. What if the platform was in a position to warn an insider group of stock market moguls about a surge in midnight traffic at the central bank’s offices on a Sunday night, for instance?Īnd what if the conversations of Didi passengers were recorded and used for purposes other than protecting their personal safety? Was it a good idea to be sharing information on this kind of activity, some asked. Yet the report was being recirculated this week as onlookers looked afresh at Didi’s Big Data capabilities. The findings were passed around social media and viewed at the time as a bit of fun. Conversely, employees at the Ministry of Science and Technology were going home closest to the contracted hours of the working day, the report also noted. The Ministry of Public Security was the busiest branch of government, with 1,327 rides booked in and out of its offices in a single day, and the National Development Reform Commission (NDRC) was getting the most drop-offs between 6-8am, suggesting early starters at the office. The research revealed that staff at the Ministry of Land and Resources were working some of the longest hours, with more than 100 Didi pick-ups after midnight. In a collaboration with the state news agency Xinhua, the R&D team at the ride-hailing platform Didi published a review in 2015 of bookings made by people working for different departments of China’s central government in Beijing. Where did it all go wrong? Didi boss Cheng Wei has had a nightmare first week running a public company
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