China Dispatches Officials To Inspect Didi's Data Security (bloomberg.com) 10
China has dispatched a team of officials to conduct on-site inspections at Didi as part of a probe into the ride-hailing giant. From a report: Officials from the Cyberspace Administration of China, Ministry of Public Security, Ministry of State Security, Ministry of Natural Resources, as well as the tax, transport and antitrust regulators are beginning an investigation into Didi's data security, according to a statement released by the cyberspace watchdog Friday. Days after Didi's initial public offering in the U.S. on June 30, the CAC announced the probe into Didi and ordered app stores to remove its services within China. The probe into Cheng Wei's ride-hailing firm set off renewed scrutiny over China's tech giants, which had already been under pressure from antitrust regulators over alleged abuses in areas like pricing and forced exclusivity, and expanded Beijing's tech crackdown to include greater oversight over data and foreign IPOs.
china does not want an E-taxi? they want the syste (Score:1)
china does not want an E-taxi? they want the system of local citys / areas controlling the local taxis
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A progressive wet dream.
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A conservative wet dream.
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In China, the taxis and Didi are integrated. You can use Didi to get a cab. Even if you hail a cab on the street, you can use Didi to pay for it.
The CCP is ticked off about Chinese companies going public on American markets.
The CCP sabotaged Alibaba's IPO last year.
Didi IPOed on the NYSE on June 30th, and this is the CCP's way to punish them for that while poisoning the well for other Chinese companies.
Of course, this is stupid from a financial viewpoint, but for the CCP, power and control are more import
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alternative title (Score:2)
China Dispatches Officials To Collect Government Payoff At Didi
In other words... (Score:5, Interesting)
Comming soon... (Score:2)
Hmmmm. (Score:2)