China’s largest online ride-hailing platform, Didi Chuxing, was listed on the New York stock exchange at the end of June. Days later, a cybersecurity review followed along with the removal of all its apps, resulting in its share price plunging. It was a massive reversal of fortunes which also resulted in the exposure of some red power elite interest groups behind China’s version of Uber. “Didi is a vast platform supported by many heavyweight princelings of the Chinese Communist Party (CCP) and international capital giants,” Tang Jingyuan, a current affairs commentator for The Epoch Times, said in his July 5 program “Visionary Express.” “More importantly, these princelings seem not to be in the same boat as Xi Jinping, regardless of whether they belong to former Chinese leader Jiang Zemin’s faction or another united faction,” Tang said. On June 30, a day before the CCP celebrated its centennial, Didi was officially listed on …
Exposing the Red Elites Behind China’s Uber (Part 1)
July 19, 2021
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AlibabaBusiness & EconomyCheating Wall StreetChinaChinese RegimeDidiDidi ChuxingFinance & Business TiesmilitarySpecial TopicsUS-China relations
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