Didi's China registration ban finally lifted

STORY: Didi Global can finally resume new user registrations in China.

The ride-hailing giant confirmed the move Monday (January 16).

It was a sign that Beijing's one and a half year long regulatory crackdown on the firm had come to an end.

Didi said in a statement it had 'carefully co-operated' with China's review and dealt with security problems.

The company also said it would take measures to ensure platform safety and data security.

Monday's news comes as Chinese policymakers look to restore private sector confidence.

They are counting on the tech industry to help drive economic activity hit hard by the health crisis.

Sources had told Reuters Didi first found trouble with watchdogs when it went ahead with its U.S. stock listing against the regulator's will in 2021.

It was ordered to take down its 25 mobile apps from app stores.

New user registration was suspended and the company was fined $1.2 billion over data-security breaches.

Didi was also forced to end its 11-month-long journey as a New Stock Exchange-traded company in June last year.