Taxi service DiDi is preparing to relaunch its app in China after local regulators removed it, Reuters reports, citing three people involved. The company expects the antitrust investigation to end in December.
DiDi has set aside 10 billion yuan ($ 1.6 billion) for the fine, according to one source. The company itself refused to confirm the rumours and clarify the details but said that it is actively cooperating with the cybersecurity department.
In July 2021, China launched an antitrust investigation against the service, and in July, the Cyberspace Administration (CAC) instructed app stores to remove 25 services operated by DiDi. This happened a few days after the company went public on the New York stock exchange.
DiDi was also ordered to stop registering new users. The regulator then explained that it protects national security and public interests. The CAC itself ignored the requests of the publication.