DiDi Global Inc. American Depositary Shares (each four representing one Class A Ordinary Share) (NYSE: DIDI)
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that: (1) DiDi "had the problem of collecting personal information in violation of relevant PRC [People's Republic of China] laws and regulations"; (2) DiDi's app, DiDi Chuxing (Travel), would face an imminent cybersecurity review by the Cyberspace Administration of China ("CAC"); (3) the CAC would require all Chinese app stores to remove DiDi Chuxing; and (4) as a result, defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.