The company has said that it would "strive to rectify any problems" and "protect users' privacy and data security and prevent cybersecurity risks." Growing concerns for data securityConcerns over data security in China — especially when the United States is involved — aren't new, though they have been gaining traction in recent months. Chinese state media has also been stressing the need to focus on data security. Another user questioned the data collection practices of other Chinese companies, including food delivery giant Meituan and delivery and logistics firm SF Express. Chinese companies that are listed in both New York and Hong Kong underperformed the broader market in the Asian financial hub on Wednesday.

Source: CNN July 08, 2021 01:41 UTC