China orders Didi off app stores
China’s government ordered the country’s leading ride-hailing platform, Didi, removed from app stores for “serious” problems related to the collection and use of customer data.
- ride-hailing : 전화나 스마트폰 어플 등을 이용해서 택시를 직접 불러서 이용할 수 있는 새로운 형태의 교통수단. ride hailing의 예로 Uber나 Lyft등이 있다.
The country’s internet regulator, the Cyberspace Administration of China, did not explain what problems it had found. It was the latest blow for Didi, which went public on the New York Stock Exchange last week. The administration had issued another surprise announcement on Friday, saying that new user sign-ups would be suspended until the authorities conducted a review.
- regulator : 규제 기관[담당자], 단속 기관[담당자]
- go public : 1. (비밀을) 공개하다 2. 주식을 공개[상장]하다
That announcement sent the company’s share price falling by 5 percent on Friday. The two moves in quick succession, coming so soon after the company raised billions of dollars in its Wall Street debut, suggest an intensifying effort by Beijing to rein in Didi.
- share price : 주가
- debut ( début ) : 데뷔, 첫 출연[출전]
- rein : 고삐, 고삐를 죄다
Context: Regulators also moved against other companies that had recently been listed on Wall Street, sending a message that Beijing is still in charge. The Chinese government has been turning up the regulatory heat on internet companies, accusing them of competing unfairly against rivals and using consumers’ data to extract greater profits.