Asian Tech Press (Oct 22)-- China's internet regulator has recommended that ride-hailing giant DiDi Global Inc. (DIDI) and two other U.S.-listed technology companies explore listing in Hong Kong, the Wall Street Journal reported Thursday.

People familiar with the matter said the Cyberspace Administration of China (CAC) raised the idea during recent interviews with executives at Didi, logistics platform Full Truck Alliance Co. (YMM) and online recruitment firm Kanzhun Ltd. (BZ).

The three companies went public in June after raising a total of nearly $7 billion in funding. The internet watchdog began cybersecurity reviews of the applications operated by the three companies in July.

The report also said the people familiar with the matter revealed that the Chinese government is wrapping up its cybersecurity investigations into the companies. And the authorities are expected to announce the results of the probes as soon as next month, following the conclusion of those investigations.