Chinese ride-hailing group Didi has been given permission to sign up new customers after an investigation into the company forced its apps offline, showing that Beijing’s regulatory campaign to curb the power of the country’s internet titans is drawing to a close.
The reprieve comes after the group was forced to delist from the New York Stock Exchange in June last year, less than 12 months after its market debut. The opening of a regulatory probe ended a run of Chinese companies raising billions of dollars on Wall Street.
“For more than a year our company has earnestly co-operated with the national security review and handled seriously the problems the review found, carrying out a comprehensive rectification,” the company said in a social media post on Monday.