Two Chinese technology companies, China Telecom and Didi Global, are packing up and moving out of the United States. One is under the control of Washington and the other is under the control of Beijing.
Friday, Didi Global Announce After only five months of existence, it will be delisted from the New York Stock Exchange in favor of Hong Kong.
The mobile technology platform was listed on the New York Stock Exchange on June 30 and raised US$4.4 billion, making it the largest IPO of a Chinese company on a US exchange since Alibaba in 2014.
But not everyone is as happy as Didi Ignore request Regulators from China may not do this.Less than a week later, China’s online ride-hailing app Didi Chuxing Remove from local app store The reason is that it violates the data protection law.
China’s National Internet Information Office (CAC) subsequently ordered the removal of more mobile apps — 25 in total — on the grounds of national security issues, which affected Didi’s global bottom line.
By late October, CAC is Pressure Didi and other companies went public in Hong Kong. The company is now complying.
As for China Telecom, the U.S. Court of Appeals for the District of Columbia on Thursday rejected China Telecom’s last bid to retain its Federal Communications Commission (FCC) license.
“The petitioner did not meet the strict requirements for a stay pending review by the court,” read Court documents [PDF].
Federal Communications Commission termination China Telecom Americas has the right to provide telecommunications services within the United States on October 26, on the grounds that the telecommunications company has the potential to be used, influenced and controlled by the Chinese government, potential espionage and other harmful activities and other national security risks.
Carrier’s appeal The reason is that the FCC rejected its request to hold a hearing and will not pose an imminent threat to the national security of the United States.
China Telecom must abide by the order of October 26 to terminate U.S. services before the beginning of January. ®
