- Chinese technology company DiDi Global Inc's (OTC:DIDIY) domestic ride-hailing app returned to China's domestic Apple Inc (NASDAQ:AAPL) app store.
- The app also returned to some Android app stores on January 17, Reuters reports.
- The main ride-hailing app reappeared for download on platforms run by Huawei Technologies Co and Xiaomi Corp (OTC:XIACF) (OTC:XIACY), Bloomberg reports.
- Didi sought approval to resume new user registrations and downloads of its 25 banned apps in China since its regulatory crackdown started in mid-2021.
- DiDi's relaxations were likely to take place before the Lunar New Year holiday period, which would help DiDi start to win new clients for the business.
- The revocation of DiDi's ban got delayed by a leadership reshuffle and a pandemic resurgence in the country.
- China struggled to restore private sector confidence and spur economic activity ravaged by the pandemic.
- The report further noted that DiDi, once celebrated as the national champion that drove Uber Technologies Inc (NYSE:UBER) out of China, was among the companies at the heart of the regulatory crackdown on the internet industry that started with the halt of the Ant Group Co's IPO.
- China penalized DiDi by $1.2 billion in July.
- Didi launched in Beijing in 2012 and backed by the likes of Alibaba Group Holding Limited (NYSE:BABA) irked regulators as it pressed ahead with its U.S. stock listing against the regulator's will.
- DiDi had to pull out from the NYSE in June 2022.
- Price Action: DIDIY shares closed higher by 7.25% at $4.44 on Thursday.
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