Shai Oster

The announcement marks a major escalation in efforts to combat China’s state-sponsored hacking attempts and is likely to trigger a sharp reaction from China.

An investigation found the hacks were done using spyware from NSO Group, which sells its products to governments to track terrorists and criminals. The company denied the allegations.

China’s new cybersecurity review will only apply to companies seeking to sell shares overseas such as in New York, London or Singapore.

A team composed of members of the national security, taxation, market supervision and natural resources authorities have started an onsite review of the Chinese ride hailing giant.

The potential move by the fierce rivals to open up their platforms to each other to use their services comes amid pressure from China’s antitrust authorities.