China Suddenly Gives 'Greenlight' To DiDi, What Happened?


 If you remember, more than a year ago the DiDi Global e-hailing application faced government restrictions and was ordered to be removed from the Chinese application store.

Today, however, it was allowed to resume registering new users, in a move that signals China may be loosening its grip on the country's internet industry.

For the record, regulators have taken tough action against DiDi's business in 2021 due to serious breaches of national security.

With the relaunch of the app, it will allow the giant to continue business as usual and seek to list its shares in Hong Kong.

The government has shown signs of easing the tech sector since the economic downturn, where it previously approved several video games to enter the Beijing market.

Didi Chuxing, which was established in 2012, is a platform like Uber and Lyft, and successfully made its debut on the New York Stock Exchange (NYSE).

Even so, due to the restrictive measures imposed by the government, it had to be delisted in June 2022.