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Boss Zhipin, Full Truck Alliance Get China’s Okay to Resume New User Sign-Ups
Liao Shumin
DATE:  Jun 30 2022
/ SOURCE:  Yicai
Boss Zhipin, Full Truck Alliance Get China’s Okay to Resume New User Sign-Ups Boss Zhipin, Full Truck Alliance Get China’s Okay to Resume New User Sign-Ups

(Yicai Global) June 30 -- China’s internet watchdog has lifted the ban on online recruitment giant Boss Zhipin and truck-hailing platform Full Truck Alliance registering new users on their apps following an almost 12-month halt.

New users can now sign up on the Boss Zhipin and Full Truck Alliance apps, the companies said in separate statements late yesterday, citing approval by the Cyberspace Administration of China.

The CAC opened cybersecurity reviews into the Boss Zhipin app of Nasdaq-listed Kanzhun and Full Truck Alliance’s Yunmanman and Huochebang on July 5 last year to prevent data security risks and safeguard national security.

The pair cooperated with the CAC and rectified any security issues found, they said in two posts published on Weibo late yesterday, adding that they will take measures to ensure the security of platform infrastructure and massive data collection.

Shares of Full Truck Alliance [NYSE: YMM] closed down 10.5 percent at USD8.24 yesterday, after opening up 7.8 percent. Kanzhun [NASDAQ: BZ] ended 1.9 percent lower at USD26.33, after earlier gaining as much as 3 percent. Both went public in New York last June.

Editor: Futura Costaglione

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Keywords:   Full Truck Alliance Co.,Kanzhun Limited