China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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166 articles matching the search query.
Didi challengers see a window of opportunity amid regulatory issues
Beijing’s decision to punish Didi by kicking its app from app stores and a ban on new clients has opened a window of opportunity for others, analysts say.
Didi sets up data manager, yielding to China’s order for rectification
The establishment of the special committee under Cheng marks one of Didi’s biggest moves to address government’s data security concerns since the company came under the regulatory spotlight.
China Cracks Down on Tech Sector as Curbs on User Data Take Effect
The Chinese Communist Party is looking to boost state control of data and cloud services as well as improve the lot of gig economy workers.
Chinese Tech Giant JD.com Founder Richard Liu to Step Back From Daily Business
The e-commerce company named its first president while facing tougher competition and a widening regulatory crackdown by Beijing.
Chinese Ride-Hailing Giant Didi Could Get State Investment
The municipal government is coordinating a proposed investment in the ride-hailing giant by a consortium of state-backed companies, a person familiar with the matter said.
Chinese regulators summon 11 ride-hailing firms, including Didi, over 'illegal behavior'
Chinese regulators have summoned and interviewed 11 ride-hailing firms asking them to rectify non-compliant behavior.
Ray Dalio is wrong about China's tech crackdown, economist says
Billionaire investor Ray Dalio says investors are misconstruing China's tech crakcdown as "anti-capitalist." Economist George Magnus thinks that's "wrong."
Alibaba-backed Nice Tuan halts group buying operations in some cities
Nice Tuan is halting operations in multiple cities after facing setbacks from Beijing’s tech crackdown and fiercer competition from tech giants like Meituan, Pinduoduo and Didi.
China sets tighter data security rules for ride-hailing firms amid Didi probe
New rules classify important data as geographical information, traffic data in important and sensitive areas including military regions.
Didi expands ride-hailing market share despite Beijing’s crackdown
Ride-hailing orders on Didi rose 13.1 per cent in July, above total industry growth, showing Beijing’s crackdown has done little to shake the company’s dominance.
China Tech Rout Deepens as New Regulations Mulled; Alibaba Dives
The rout in Chinese technology giants deepened on Thursday after the industry was hit with a fresh round of proposed regulations.
Why Didi’s pain does not mean immediate gains for its ride-hailing rivals
Didi remains the most stable source of orders and the app also allows drivers to set their direction and distance preferences, giving it an advantage.
Rift Forms on Didi’s Board Following Beijing’s Regulatory Assault
A rift has developed among the top executives of three of China’s internet giants, in the wake of Didi Global’s decision to go public in New York.
Didi updates app for first time since it was banned from taking new users
Didi introduces breakdown of drivers income after criticism over lack of transparency on pricing and fee sharing.
Alibaba Rape Allegation Reveals China Tech’s Seamy Side
Sexually suggestive office games, boozy dinners and a culture of ignoring problems have long plagued the industry. Changing it will still be hard.
China’s probe into Didi may lead to management reshuffle, sources say
Didi’s top three executives, who hold more than 50 per cent of the voting rights, are under scrutiny, with co-founder Jean Liu’s role possibly being changed, sources say.
UK MPs call for ban on China’s Didi Chuxing over privacy concerns
Cross-party group of British lawmakers say they are concerned Beijing could compel Didi to hand over data.
SoftBank to Hold Off on New Investments in China Amid Tech Crackdown
The world’s biggest tech investor said it is holding back on new investments in China while it sees how the country’s tech crackdown plays out, in the latest sign of how Beijing’s move to tame its technology sector is rippling through the investment world.
China Wants Manufacturing—Not the Internet—to Lead the Economy
Even as Beijing unleashes a multifront regulatory assault against consumer internet companies, it continues to shower subsidies and protection on manufacturers, writes Greg Ip.
SEC to Set New Disclosure Requirements for Chinese Company IPOs
U.S. regulators will require additional disclosures from Chinese companies before allowing them to sell shares in the U.S., Securities and Exchange Commission Chairman Gary Gensler said.
