Chinese regulators summoned Didi, Geely’s Caocao, and nine other ride-hailing firms on Sept. 1, and accused them of vicious competition, illegal operations, and disrupting the market order. This is the latest action of the Chinese Communist Party’s (CCP) multi-pronged crackdown on its tech companies, and the second summons after the regulators ordered 10 ride-hailing firms…
Latest Action in China’s Season of Regulatory Crackdowns—Summon 11 Ride-Hailing Firms
China Summons 11 Ride-Hailing Firms in Latest Crackdown
Chinese regulators summoned Didi, Geely’s Caocao, and nine other ride-hailing firms on Sept. 1, and accused them of vicious competition, illegal operations, and disrupting the market order. This is the latest action of the Chinese Communist Party’s (CCP) multi-pronged crackdown on its tech companies, and the second summons after the regulators ordered 10 ride-hailing firms…
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