Didi Wins Okay to Relaunch Apps as China Tech Crackdown Ebbs

(Bloomberg) -- Didi Global Inc. has secured the green light to resume signing up new users, suggesting the worst is over for a ride-hailing giant that symbolized Beijing’s

bruising campaign to rein in its powerful internet industry. Most Read from BloombergPfizer Bivalent Vaccine Linked to Strokes in Preliminary DataThe Apartment Market Is

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Fuel That Powers the World The widely anticipated decision is one of the clearest signs yet that Xi Jinping’s administration, keen to jumpstart an economy that’s sagged under

three years of Covid Zero restrictions, sees a need for private sector’s support in that broader campaign. Beijing is again allowing Didi to bring in new users for the first

time since regulators removed its main apps from stores in 2021, the company said in a statement on its official Weibo page. That suggests the services will soon return to Apple

and Android stores.  Didi, once feted as the national champion that drove Uber Technologies Inc. out of China, was among the highest-profile companies at the heart of a

clampdown on the internet industry that Beijing initiated in 2020, when it abruptly halted Ant Group Co.’s IPO. Regulators cracked down on Didi’s business in 2021 after the

company pushed ahead with a $4 billion-plus US initial public offering against Beijing’s wishes.