China allows Kanzhun, Full Truck Alliance apps to resume user registration (updated)

KANZHUN

29/06/2022 12:03

(Adds context and quotes from companies)
    BEIJING, June 29 (Reuters) - Three popular apps placed under
review by China’s cyberspace regulator announced the resumption
of new user registrations on Wednesday, the latest sign that the
regulator's years-long cybersecurity probe is coming to an end.
    The app of online recruitment services company Kanzhun Ltd
 BZ.O  and two apps of the logistics platform Full Truck
Alliance Co  YMM.N  - Yunmanman and Huochebang - said they would
resume new user registrations on Wednesday.
    "In the past year, the company has seriously cooperated with
the national network security review, taken the security issues
found in the review seriously and carried out comprehensive
rectification," Full Truck Alliance said in a statement
published on its official Weibo account on Wednesday.
    "With the consent of the Network Security Review Office, the
company will resume the registration of new users of Yunmanman
and Huochebang with immediate effect."
    China launched cybersecurity reviews into Full Truck
Alliance and Kanzhun alongside Chinese ride-hailing giant Didi
Global in July last year, and ordered them to stop registering
new users, citing national security and the public interest.
    Didi Global, which is delisting from New York, has not yet
made a similar announcement to Kanzhun or Full Truck Alliance.
Didi did not immediately respond to a request for comment.
    Kanzhun and Full Truck Alliance did not comment further on
the results of the cybersecurity investigation. 
    A wrap up of the probes would be a positive sign for the
Chinese tech industry and its investors, who have been bruised
by a wide-ranging regulatory crackdown launched by authorities
in late 2020.
    Kanzhun shares rose 4% and Full Truck shares rose 3% in
pre-market trade.

 (Reporting by Eduardo Baptista and Tom Westbrook
Editing by Louise Heavens and Mark Potter)
 ((Eduardo.MonteiroBaptista@thomsonreuters.com;))