Didi's Stock Rises 50% On Report That China Quiz Is Ending

Didi's regulatory nightmare in China could be coming to an end soon. The Wall Street Journal said Monday, citing unidentified sources, that Beijing's cybersecurity review of the ride-hailing behemoth was nearing completion.

Photo Insert: The company is looking to recharge its market value

Didi might return to mainland Chinese app stores as soon as this week as a result of the shift, Michelle Toh reported for CNN Business.

The news, which comes nearly a year after the company was first targeted by regulators and had its app banned in China, pushed its stock up 53 percent in premarket trade in New York on Monday.

Didi isn't the only corporation that claims to be on the mend. According to the Journal, two additional US-listed Chinese companies, logistics service Full Truck Alliance (YMM) and online employment site Kanzhun (BZ), are nearing the end of their respective data security investigations and will have access to app stores restored as well.

In premarket activity on Monday, the shares of those companies increased by 27% and 21%, respectively.

The cybersecurity review's conclusion comes too late to spare Didi from an embarrassing exit from Wall Street just a year after it went public, but it will have ramifications for the company.

According to the Journal, all three businesses will be penalized, with Didi facing the greatest penalty. According to the newspaper, they would also be required to fork over 1% of their equity to Chinese officials, giving the government an official involvement in decision-making.

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