China: Severe Didi Disposal: Concerns about Data Leakage
-Why did the Chinese government take strict punishment for Didi?
Reasons for Chinese authorities anger:
The reason is believed to be the big data of Didi’s user and vehicle travel history.
Didi Big Data:
Didi is processing orders for ride-hailing services.
60 to 80 billion cases a day,
At peak times, there are 4 million cases per second,
There is a report on the net that shows the importance of this data.
Didi / Xinhua News Agency Report:
The report produced by Didi and the state-owned Xinhua News Agency in 2015.
Each government ministry analyzes the history of getting on and off there.
Understand the trends of the Chinese government:
In other words, by analyzing the data held by Didi, it is possible to grasp the movement of the government.
Chinese officials were afraid that such data would be leaked.
Didi listed in the US:
Chinese authorities have not allowed Didi to be listed in the United States.
Didi is reported to have shaken off and listed.
Moreover, June 30th, when it was listed, is just before the ceremony on July 1st, when the Chinese Communist Party celebrates its 100th anniversary.
This timing is also said to have caused the authorities’ anger.
Tightening restrictions on overseas listing of Chinese companies:
On July 6th,
It has announced a policy of strengthening supervision of data management when Chinese companies are listed overseas.
afterwards,
Listings of companies with more than 1 million users have announced regulations that are subject to pre-screening.
Restrictions on taking personal information overseas:
In August, a law was passed to restrict the export of personal information overseas.
Domestic important infrastructure data and
Management of car driving data,
We also announced stricter regulations.
Nasdaq Index Fall:
Hong Kong market where many of China’s IT giants are listed.
In August, a typical stock index fell 20% from its one-time high.
Nasdaq index consisting of the stock prices of 98 Chinese companies.
It fell 22% in the month of July.
Softbank Group
President Masayoshi Son:
In August, it announced a policy to curb new investment in Chinese companies for the time being.
What kind of regulation is done,
How it affects the stock market
I want to see a little more.
Didi’s largest shareholder:
SoftBank Group is the largest shareholder of Didi.
Alibaba Shareholders:
He is also a shareholder of the online shopping Alibaba Group, which is under pressure from the Chinese government.
NHK News
https://www3.nhk.or.jp/news/html/20210901/k10013236341000.html