The Chinese government is tightening its control over Chinese technology companies in dramatic ways: There will be a sea change in 2021: Capital flows between the U.S. and China will in some cases reverse, and the incentives that have driven the Chinese economy for the last two decades have changed.
Chinese cybersecurity regulators launched investigations of three companies that had recently listed in the U.S., hinting at concerns that their data could fall into foreign hands. Beijing also said that it would “consolidate the information security responsibilities of overseas listed companies.”
Need your cargo shipped across China? There are several apps for that multibillion-dollar business, and the leader — Manbang a.k.a. FTA — is set for an enormous IPO.
China’s largest cargo-truck-on-demand company has raised a pile of cash to expand door-to-door freight services.