Posted on

China Plans Security Checks for Tech Companies Listing Overseas



Share

China moved on Saturday toward requiring domestic tech companies to submit to a cybersecurity checkup before they can go public on overseas stock exchanges, a step that would close the regulatory gap that allowed the ride-hailing giant Didi to list shares on Wall Street last week without getting a clean bill of digital health from Beijing.On July 2, two days after Didi’s shares began trading on the New York Stock Exchange, China’s internet regulator ordered the company to stop signing up users while officials conducted a security review, sending its share price tumbling.Chinese regulators have since ordered …

Read More