Didi shares jumped nearly 70% during Monday's session, after the publication of a Wall Street Journal report that China is ending cybersecurity investigations into its taxi-hailing app, a move that indicated Beijing is continuing its efforts to boost economic growth 

China ends its investigation after a year into Didi and two other companies

The report, citing unnamed sources, said Chinese regulators are ending their year-long investigation into Didi and two other US-listed tech companies , Full Truck Alliance and online recruitment firm Kanzhun. 

The ban on companies adding new users will be lifted and authorities will allow Didi mobile apps again on local app stores, possibly as early as this weeK

  Didi's stock rise 

Didi was up 68% to $3.10 in heavy trading before paring gains to 37%, Full Truck Alliance stock rose 10% and Kanzhun rose 23%. 

The newspaper said the Chinese authorities are expected to present the outcome of the investigation into the companies and are expected to face financial penalties.

In July 2021 , the China Cyberspace Administration, the country's Internet regulator , announced an investigation into Didi and ordered the removal of its apps from local app stores, citing national data security risks.

The move came days after Didi launched its IPO on the New York Stock Exchange. At $14, the stock rose 28% on the first day of trading, valuing the company at $86 billion

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