Didi in talks with China to handle data management

Didi in talks with China to handle data management

HONG KONG - The state-owned ride-hailing firm Didi Global Inc is in talks with the Chinese information security firm Westone to handle its data management and monitoring activities, sources said, as part of its effort to placate domestic regulators.

The sources declined to be named as they were not authorised to speak to the media.

The largest Chinese ride-hailing group became the target of an investigation by regulators in the United States days after it raised $4.4 billion in an initial public offering in the country.

The powerful Cyberspace Administration of China conducted a cyber investigative probe on Didi last month, citing the need to protect national security and the public interest.

Didi is in discussions with Westone Information Industry Inc., which would be the main third-party company to keep its massive data stored domestically as per domestic regulators' guidance, said two people with knowledge of the matter.

Didi, the Shenzhen-listed Westone, the CAC, and the State Council Information Office did not immediately respond to Reuters request for comment after regular Asia business hours on Friday.