Chinese authorities are set to allow Didi Global’s ride-hailing and other apps back on domestic app stores as soon as next week, five sources told Reuters, in yet another signal that their two-year regulatory crackdown on the technology sector is ending.
A lifting of the ban on Didi apps would come as Chinese policymakers seek to restore private sector confidence and count on the technology industry to help spur economic activity that has been ravaged by the COVID-19 pandemic.
Didi already last year paid the fine, the largest regulatory penalty imposed on a Chinese tech firm since Alibaba Group and Meituan were fined $2.75 billion and $527 million, respectively, in 2021 by the antitrust regulator State Administration for Market Regulation, said two of the sources.CAC and the State Council Information Office, which handles media queries for the government, did not immediately respond to Reuters requests for comment.
That move triggered regulatory woes for Didi, with its 25 mobile apps ordered to be taken down from app stores, registration of new users suspended, and it getting slapped with the fine over data-security breaches.
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