China Extends Probe Into US-Listed Tech Firms After Didi Blow

The Administration issued the order on Didi -- which has nearly 500 million users and 15 million drivers -- after investigations found its user data collection and use in "serious violation" of regulations.

China announced on Monday probes into two more US-listed Chinese companies, a day after banning ride-hailing giant Didi Chuxing from app stores in the wake of its huge US initial public offering. The country's major internet firms wield massive influence among consumers, but have for almost a year had their wings clipped in a regulatory crackdown that scuppered IPOs and hit business as the government seeks to rein in their influence. The latest moves hit newly listed companies Full Truck Alliance -- a merger between truck-hailing platforms Yunmanman and Huochebang -- as well as Kanzhun, which owns online recruitment platform Boss Zhipin. All three platforms have been told to stop new user registration during the period of investigation -- which was to "to prevent security risks to national data, safeguard national security and protect public interest", according to the Cyberspace Administration of China.