GUANGZHOU, China- the regulators of China have welcomed cybersecurity reviews into the U.S. -listed Boss Zhipin and the rest of the subsidiaries of Full Truck Alliance.
The Cyberspace Administration of China (CAC) stated that the probe had been welcomed to restrict national data security risks as the clampdown on the nation’s technology sector continues.
Houchebang and Yunmaman, are the subsidiaries of the New York-listed Full Truck Alliance were two different companies named by regulators. An online recruitment platform namely Boss Zhipin financed by the tech giant Tencent and recorded on the Nasdaq was also aimed at by the CAC.
In between the cybersecurity review, these organizations are not permitted to register new users and the U.S. markets are ended Monday so the stocks will not reflect investor reaction until Tuesday. Important technology organizations share listed in Hong Kong that has Meituan and Tencent were trading lower on Monday morning.
After the CAC ordered China’s app stores, the new regulatory clampdown arrives to eliminate ride-hailing app Didi for download just a few days after its initial public-serving in the U.S. The regulator supposed Didi had recorded users’ private information illegally and asked the organization to resolve the issues.
Data is a huge target for the Chinese government in a larger attempt to regulate the technology sector which has so far developed massively abandoned over several years. Beijing passed in June that a new Data Security Law that knocks out how organizations record, store, and use data. 
