New Delhi: The biggest hail-hailing company in China Didi Global Inc.
said on Sunday that the transfer of the application “Didi Chuxing” from a smartphone application store in China is expected to have a negative impact on its income.
Previously on Sundays, China Cyberspace Regulator ordered the application store to stop offering Didi applications after finding that the company has illegally collected users’ personal data.
“The company expects that application openers may have a negative impact on its income in China,” said the company in a statement.
The elimination of the Didi application, which did not affect the existing user, came a few days after Didi made a trade debut on the New York Stock Exchange in the initial public offering of $ 4.4 billion.
In the submission of June, Didi reported revenues of around 42.2 billion yuan ($ 6.5 billion) for the three months ended March 31.
Of that, 39.2 billion yuan came from the Chinese mobility division, while around 800 million yuan came from international business.
Didi has a dominant position in business that is being online in China and operates at 4,000 locations in 16 countries.
Didi said it would strive to fix the problem, and will protect the privacy and security of user data.
Since the end of last year, China’s Internet regulators had cracked sharper on the country’s technology giants for violating the rules.
The Global Times, a tabloid published by the official daily newspaper Communist Party in power, said in Chinese-language comments on Monday that the ability “big data analysis” didi can pose a risk on the security of individual personal information.
“There is no internet giant that can be allowed to become a super database of Chinese personal information that contains more detail than the country, and these companies cannot be allowed to use data but they want,” said Global Times.
Didi collects a large amount of real time mobility data every day.
It uses some data for autonomous drive technology and traffic analysis.
In the IPO prospectus, Didi said “We follow strict procedures in collecting, transmitting, storing, and using user data in accordance with our data security and privacy policies.” A senior executive Didi said on Saturday that the company saved all Chinese data and road data on the server in this country and “totally impossible” that he passed the United States data.