(Reuters) – Chauffeur-driven passenger vehicle (VTC) giant Didi Global said the Chinese regulator would allow the download of its 25 apps banned in China from Monday as well as the registration of new users, putting an end to a year and a half long regulatory reform.
According to a Reuters report citing sources, Chinese authorities were ready to allow Didi to resume operations in the country as early as this week.
“Our company has carefully cooperated with the country’s cybersecurity review, seriously addressed the security issues found in the review, and made comprehensive rectifications for more than a year,” Didi said in a statement Monday.
Didi will also take effective measures to ensure platform and data security, and keep the national cyberspace secure, the company added.
The lifting of the bans is a key step for Didi to return to normal business since its regulatory troubles began in 2021, following the group’s continued IPO in the United States against the wishes of the regulator, and which ended in June 2022 under duress.
The move comes as Chinese policymakers seek to restore confidence in the private sector and rely on the tech industry to boost economic activity, impacted by the COVID-19 pandemic.
(Report by Yingzhi Yang and Julie Zhu, French version Dine Kartit, edited by Kate Entringer)
Copyright © 2023 Thomson Reuters