Didi says removal of app in China will affect business
The ride-hailing company is facing regulatory problems at home, days after its New York share launch. …
There’s tighter scrutiny now both inside and outside of China on Chinese tech firms. And Didi’s troubles come against the backdrop of a broader crackdown on Chinese tech by regulators in the country – a crackdown, that some analysts have said, could be politically motivated as Beijing attempts to impose more control on the dynamic sector.
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