DIDIY - Didi Global's banned apps could return to Chinese app stores next week

Didi Global ( OTCPK:DIDIY ), which has been under fire from the Chinese government over the past couple of years, may see its ride-hailing and other apps return to Chinese app stores as soon as next week.

Didi ( OTCPK:DIDIY ) could see the return of its 25 banned apps and reinstate new user registration before the Lunar New Year, which starts on January 22, Reuters reported , citing sources.

Didi's ( OTCPK:DIDIY ) apps have been banned in China since it came under fire from China in the middle of 2021 after it went public on the New York Stock Exchange amid much controversy.

In June, Didi ( OTCPK:DIDIY ) started trading over-the-counter in New York after it delisted itself from the New York Stock Exchange and shareholders approved the measure.

One month later, Didi ( OTCPK:DIDIY ) was fined $1.2B by China's cybersecurity regulator, marking the beginning of the end of a year-long probe into the ride-hailing company.

In addition to the steep fine for the company, founder and Chief Executive Cheng Wei and President Jean Liu were both fined 1M yuan (roughly $147,000) each for their roles,

Late last year, hedge fund Paulson & Co. disclosed that it had existed its stake in Didi Global ( OTCPK:DIDIY ), while making several other changes to its portfolio .

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