Chinese regulators have summoned ride-hailing giant Didi Chuxing and ten other car platforms to demand they cease "disorderly expansion" and "vicious competition" tactics, the government said Thursday, amid a national crackdown on the tech industry.

Reuters

United Kingdom

Chinese regulators summon ride-hailing firms to meeting to discuss market concerns

BEIJING (AP) — Chinese regulators have ordered ride-hailing platforms to correct unfair market tactics amid a broad crackdown on the internet sector that has spooked investors and shaved billions off the valuations of some of China's biggest technology companies.

Ad Fontes Media

All Sides

Media Bias/Fact Check

Associated Press News

Independent Media

United States

China orders ride-hailing firms to correct unfair tactics

BEIJING - Chinese regulators summoned 11 ride-hailing firms including Didi Global Inc, Geely's Caocao and Meituan's ride-hailing unit to a meeting, the transport ministry said on Thursday, to discuss points of concern in the sector. At the meeting held on Wednesday, authorities highlighted the hiring of unqualified drivers and use of promotions that disrupt fair market order, the

The Woodbridge Company

Chinese regulators have ordered ride-hailing platforms to correct unfair market tactics amid a crackdown on the internet sector that has spooked investors and shaved billions off the valuations of some of China’s biggest technology companies

abc News

The Walt Disney Company

BEIJING (AP) — Chinese regulators have ordered ride-hailing platforms to correct unfair market tactics amid a crackdown on the internet sector that has spooked investors and shaved billions off the valuations of some of China’s biggest technology companies. Eleven platforms were ordered by year’s end to stop unfair competition tactics and practices such as recruiting unlicensed drivers. The ride-hailing industry led by Didi Global and Meituan em…

KRDO

News-Press & Gazette Company

Colorado Springs

El Paso County

Colorado

Chinese authorities summoned 11 ride-hailing companies, including T3 Chuxing, Meituan Dache, Caocao Chuxing and Didi Chuxing, to order them to stop their “vicious competition” amid an ongoing cybersecurity investigation into industry leader Didi that has created new opportunities for rivals.Regulators said that ride-hailing firms must not “use capital to engage in vicious competition and disorderly expansion”, and they especially cannot “induce”…

South China Morning Post

Alibaba Group

Hong Kong

Beijing orders end to ride-hailing’s ‘vicious competition’ amid Didi probe

BEIJING: Chinese regulators have summoned ride-hailing giant Didi Chuxing and ten other car platforms to demand they cease "disorderly expansion" and "vicious competition" tactics, the government said Thursday (Sep 2), amid a national crackdown on the tech industry.
China has in recent months tightened its

Channel News Asia

Government of Singapore

Singapore

China orders ride-hailing firms Didi, Meituan to stop 'disorderly expansion'

Chinese regulators have summoned and interviewed 11 ride-hailing firms asking them to rectify non-compliant behavior.

CNBC

Roberts family

Chinese regulators summon 11 ride-hailing firms, including Didi, over 'illegal behavior'

KVIA

Panama City

Bay County

Florida

Chinese regulators have summoned ride-hailing giant Didi Chuxing and ten other car platforms to demand they cease "disorderly expansion" and "vicious competition" tactics, the government said Thursday, amid a national crackdown on the tech industry.
China has in recent months tightened its scrutiny of its largest tech firms in sectors ranging from e-commerce to entertainment, launching antitrust probes and rolling out strict regulation.

China orders ride-hailing firms Didi, Meituan to stop 'disorderly expansion'

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics