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    002230   CNE100000B81

IFLYTEK CO.,LTD

(002230)
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Virtual keyboard apps removed from Chinese app stores

06/11/2021 | 03:30am EDT

BEIJING (Reuters) - Chinese app stores removed several apps developed by companies including Sogou and Iflytek amid increased scrutiny of the technology sector and data protection.

As of Friday afternoon, the so-called input method apps, which serve as virtual keyboards, could not be downloaded on Chinese Apple iOS store and Android app stores operated by Chinese smartphone makers such as Huawei.

Iflytek said in a statement that the app was removed due to violations of personal data collection rules, and it already completed the "rectification" and was currently waiting for approval from the regulators.

Sougou didn't immediately respond to a request for comment.

In April, China issued draft guidelines seeking to limit the scope of mobile apps' collection of personal data.

Apps in China have been temporarily removed by regulators for mishandling user data or improper content, with existing users unaffected.

(Reporting by Yingzhi Yang and Ryan Woo in Beijing; Additional reporting by Pei Li in Hong Kong; Editing by Elaine Hardcastle)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 3.80% 2743.105 Delayed Quote.50.52%
APPLE INC. -1.40% 144.955 Delayed Quote.10.61%
GOLDEN EAGLE RETAIL GROUP LIMITED 0.00% 6.83 End-of-day quote.-2.98%
IFLYTEK CO.,LTD -7.76% 58.02 End-of-day quote.41.96%
TENCENT HOLDINGS LIMITED 0.27% 447.2 End-of-day quote.-20.71%
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05/21IFLYTEK : China Employment Law - April 2021
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04/19Iflytek Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31..
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01/20IFLYTEK : Nomura Adjusts iFlytek's Price Target to 57 Yuan From 45 Yuan, Keeps a..
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More news
Financials
Sales 2021 17 213 M 2 652 M 2 652 M
Net income 2021 1 662 M 256 M 256 M
Net cash 2021 4 838 M 745 M 745 M
P/E ratio 2021 79,0x
Yield 2021 0,35%
Capitalization 133 B 20 471 M 20 536 M
EV / Sales 2021 7,46x
EV / Sales 2022 5,68x
Nbr of Employees 11 006
Free-Float 67,6%
Chart IFLYTEK CO.,LTD
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iFLYTEK CO.,LTD Technical Analysis Chart | 002230 | CNE100000B81 | MarketScreener
Technical analysis trends IFLYTEK CO.,LTD
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 57,94 CNY
Average target price 63,72 CNY
Spread / Average Target 9,97%
EPS Revisions
Managers and Directors
Qingfeng Liu Chairman & President
Ling Ling Gao Chairman-Supervisory Board
Ben Zhao Zhang Independent Director
Jian Hua Liu Independent Director
Hui Fang Zhao Independent Director
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