Didi Weighs Giving Up Data Control to Appease Beijing - Bloomberg

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Didi Global Inc. is weighing giving up control of its most valuable data as part of efforts to resolve a Chinese regulatory probe into the aftermath of its controversial U.S. initial public offering, people familiar with the matter said.

The ride-hailing giant has put forth a number of proposals to appease the powerful internet industry overseer, including ceding management of its data to a private third party, the people said, asking not to be identified talking about internal deliberations. Regulators have signaled a preference for that third party to be state-controlled, one of the people said. It’s uncertain how such an arrangement would impact Didi’s access to the data, which is crucial to helping the firm orchestrate 25 million rides a day between some 400 million riders and drivers.

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Didi Weighs Giving Up Data Control to Appease Beijing - Bloomberg
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