Chinese regulators are concluding probes into ride-hailing giant Didi Global Inc and two other firms and are preparing to allow their apps back on domestic app stores as early as this week, the Wall Street Journal reported on Monday.
Didi shares up 50% premarket
Full Truck Alliance's Yunmanman and Huochebang apps, two of China's major truck-hailing platforms, have resumed new user registration, Reuters checks on Monday showed. "This is a second confirmation that the central government isn't going to do anything more. It helps sentiment," he said, though adding that it was unlikely to herald a return to previous growth expectations or prompt a longer stock rally.
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