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Chinese ride-hailing giant Didi Global is being sued by US shareholders after a crackdown by Beijing triggered a slump in its share price.

The two lawsuits come a week after Didi's New York Stock Exchange debut.

The company's US market value has fallen by more than 20% since a Chinese regulator told online stores to pull the app.

Beijing's cybersecurity watchdog says the app illegally collected users' personal data.

The lawsuits, which were filed in federal court in New York and Los Angeles on Tuesday, say Didi failed to disclose ongoing talks it was having with Chinese authorities about its compliance with cybersecurity laws and regulations.

The complaints named Didi's chief Executive officer Will Wei Cheng and several other executives and directors. The lead underwriters for the company's share sale - Goldman Sachs, Morgan Stanley and JPMorgan Chase - were also named as defendants. pgslot

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China's Cyberspace Administration of China (CAC) announced on 2 July that it had begun to investigate Didi which had launched its US IPO days earlier.

Two days later it ordered smartphone app stores to remove the company's app from their platforms.