Topic: China announces three-year strategic plan to build cybersecurity
Ministry of Industry and Information Technology of China Announcing a 3-year action plan to develop the cybersecurity industry which is believed to be worth over $38 billion over the next two years. According to a Reuters report
The new strategic plan comes as China seeks control of its technology sector. This is due to a recent review of online ride-sharing company Didi Global.
Didi Global made its IPO on June 30 on the New York Stock Exchange (NYSE), at a valuation of $68 billion.
Later, China's auditing agency began investigating the company's cybersecurity. And will not be able to register new users at this time. As a result, Didi's share price fell sharply. Before China's cyberspace office ordered Didi to be removed from its app store service in China.
In addition to Didi, two other Chinese tech companies that recently sold their shares on the US stock market, Full Truck Alliance and Kanzhun, were also ordered to suspend new user registrations for security checks. under the pretext of risk 'National information security' as well.
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