China expands probe of U.S.-detailed organizations after similar shift in opposition to Didi

A unit of China’s cybersecurity regulator launched data-security assessments of apps operated by two U.S.-outlined Chinese businesses, times soon after announcing a comparable probe into ride-hailing giant Didi Global Inc
DIDI,
-5.56%.

The latest motion targets two truck-hailing applications operated by Full Truck Alliance Co. 
YMM,
-4.79%
and an on line recruiting application owned by Kanzhun Ltd.
BZ,
+5.28%
  Both companies went community in the U.S. in June. Like Didi, they had been purchased to end incorporating customers though the probes are executed.

On Monday, China’s Cybersecurity Review Office environment, which falls less than the Cyberspace Administration of China, mentioned it experienced started a details-security investigation into the applications Yunmanman, Huochebang and Boss Zhipin. It said the review is aimed at stopping national facts-protection challenges, keeping nationwide protection and protecting general public passions.

Shares in SoftBank Group Corp.
9984,
-.62%,
whose Eyesight Fund owns stakes in Didi World-wide and Comprehensive Truck Alliance, fell 5.4% in Monday buying and selling on the Tokyo Inventory Exchange. The Hold Seng tech index
HSI,
-.40%,
a gauge of Hong Kong-stated technology stocks that is dominated by significant Chinese corporations these types of as Tencent Holdings Ltd. 
700,
-1.88%,
fell 2.3%.

An expanded variation of this tale can be located at WSJ.com.

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