A few days after New York’s IPO, China cracked down on ride-hailing app Didi

A few days after New York’s IPO, China cracked down on ride-hailing app Didi



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China’s cybersecurity regulator has ordered Didi Remove domestic app stores Just a few days after the ride-hailing giant raised $4.4 billion in the largest Chinese listing since Alibaba in 2014.

China’s National Internet Information Office stated on Sunday evening that Didi’s application “has a serious violation of the law concerning the collection and use of personal information”.

The decision was made two days after CAC’s announcement Cybersecurity review Entering this technology company, the stock price fell 5.3% to $15.52 on Friday.Company shares Start trading It is listed on the New York Stock Exchange on Wednesday at a price of $14.

Didi has more than 377 million users and 13 million drivers in China every year. The company has a lot of data, from the addresses users frequently use to their phone contacts and recordings of the car, which it began to collect after the passenger murder in 2018.

There are five more stories in the news

U.S. stocks closed at new highs after employment data U.S. stocks closed at Historical high After friday Work data The performance in June was better than expected, indicating that the world’s largest economy is getting rid of the epidemic at a strong pace. This rise marked the seventh consecutive trading day for the S&P 500 Index to close at a record closing price, the longest consecutive rise since 1997. The index closed up 1.7% this week, while the Nasdaq index, which is dominated by technology stocks, rose nearly 2%.

OPEC negotiations are deadlocked OPEC and its allies Failed to reach an agreement As negotiations were deadlocked for the second day in a row, oil production was increased on Friday. OPEC+ Group stated that it will reconvene the meeting via video conference at 3 pm Vienna time on Monday. In view of the growing concerns about inflation in the entire market, the meeting may be closely watched. The international benchmark oil price of Brent crude oil soared to more than US$76 per barrel, a three-year high.

Morrison prepares for a bidding war Britain’s fourth largest grocer is preparing A bidding war After accepting the £9.5 billion offer made by Fortress and its partners over the weekend supported by SoftBank. Two weeks ago, Morrison stated that he had rejected the acquisition plan offered by the US private equity group Clayton, Dubilier & Rice.

Euro 2020 England has reached the semi-finals of the European Football Championship for the first time since 1996 4-0 victory Against Ukraine.They will play DenmarkThey beat the Czech Republic 2-1 at Wembley Stadium on Wednesday. In the other semi-final on Tuesday, also at Wembley, Italy Play Spain.Follow our event report Here.

Kim Jong-un’s weight loss puzzled North Korean observers After Kim Jong-un appeared on national television and looked visibly thinner, it triggered Crazy speculation Among North Korean observers from Seoul to Washington, regarding the health of the 37-year-old dictator. An expert said that no one knows whether Jin’s slimming appearance indicates a healthy or ominous change.

Coronavirus Digest

  • People will No longer forced to wear a mask From July 19 United Kingdom A member of the Boris Johnson government said that the third blockade of Covid-19 has ended.

  • Thousands of protesters Brazil Protest against President Jair Bolsonaro this weekend As the pressure increases Regarding allegations by populist leaders regarding potential corruption in the procurement of Covid-19 vaccines.

  • Scientists warn that July 4th celebrations are all over the world we Risk acceleration Propagation of Delta variants Covid-19, especially in areas where vaccination rates are lagging in the country.

For the latest coronavirus news, Sign up For us Coronavirus business update communication.

the day before

U.S. public holidays The U.S. financial markets will be closed for public holidays to commemorate the adoption of the Declaration of Independence on July 4, 1776 by the 13 colonies.

Jassy takes over Amazon Andy Jassy became Amazon CEO Today, 27 years after Jeff Bezos founded the company.The 53-year-old will receive a stock package Worth more than 200 million U.S. dollars Marks the transfer of power.

Heads of International Monetary Fund, WTO and World Bank discuss Covid-19 Kristalina Georgieva, President of the International Monetary Fund, Ngozi Okonjo-Ivera, Director-General of the World Trade Organization, and David Malpas, President of the World Bank A virtual event co-organized by the Poverty Movement discussed their plan and target campaign group to permanently overcome the coronavirus crisis.

data Economic information provider IHS Markit Publish data on purchasing managers in the Asian service industry, including China, Japan, and India.

Follow the important business, economic and political stories of the coming days with the new look of the Financial Times A week ahead. Click to subscribe Here. Don’t miss our FT Newsletter Audio program-a short daily summary of the world’s top stories.

What are we still reading

FT Film: How the 20 Years’ War changed Afghanistan Afghan photojournalist, former politician, young musician, NATO translator, female film producer and a student whose mother was assassinated, Reveal the effects of war… As the U.S. forces withdrew, the Taliban occupied their positions.

Graduate jobs after the pandemic When they first entered the labor market, the training, networking, and confidence of the lock-in queue were hit. How do companies respond?Managing editor Andrew Hill and columnist Emma Jacobs Find out . Financial Times Recent surveyThe experience of new graduates entering the labor market. One interviewee wrote: “We need to destroy unqualified universities and make young people smarter and start working earlier.”

Can you change yourself? I wrote an entire column about people’s flatulence on the subject of authenticity, The British “Financial Times” columnist transferred to teacher Lucy Kellaway (Lucy Kellaway) writes, About her transformation experience. “I changed my career because I was not only tired of my job, but also tired of myself,” she wrote. “This is the first time in my life. My work has completely freed me from myself.”

British private schools lose control of Oxford and Cambridge Ten years ago, parents who handed tens of thousands of pounds to Eton College or St. Paul’s University each year might think that their children had a chance to enter Oxford or Cambridge.But anger over inequality, state sector applications and international students prompted University rethinking .

Amartya Sen’s “House of the World”-Citizens from all over the world Economist and human rights activist Talk to Edward Luce of the Financial TimesAbout his new book, his early life and his long struggle for a fairer world. The 87-year-old Sen’s mind is still as sharp as he was when he won the Nobel Prize in Economics in 1998. But his body is painfully weak.

Food and drink

Looking for the most influential female chef in China Shandong is the hometown of Confucius. It is also the center of Shandong cuisine or Shandong cuisine, one of the so-called “four major cuisines” in China. Wang Xinglan, Now in his seventies, Is officially recognized as the inheritor of “Confucian Cuisine”, a culinary tradition named after the father of Chinese patriarchy. Fuchsia Dunlop went to Shandong to meet her.

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