The ride-hailing giant made an abrupt shift as officials in Washington and Beijing have grown increasingly skeptical of Chinese corporate access to Wall Street’s money.
Tag: Didi Chuxing
The End of a ‘Gilded Age’: China Is Bringing Business to Heel
Executives sit in jail, tech companies are being reined in and the biggest developer is teetering. It’s the beginning of a new era for China’s economy.
How China Is Bringing Business to Heel
Executives sit in jail, tech companies are being reined in and the biggest developer is teetering. It’s the beginning of a new era for China’s economy.
The Rise and Fall of the World’s Ride-Hailing Giant
Didi pushed the limits and thrived in legal gray areas. Until China cracked down.
What China Expects From Businesses: Total Surrender
Unlike regulators in Europe and the U.S., Beijing is using the guise of antitrust to bring powerful tech companies into line with its priorities.
For China’s Business Elites, Staying Out of Politics Is No Longer an Option
The fallout from Beijing’s crackdown on the ride-hailing app Didi has ensnared even those who made it a point to not mix business with politics.
China’s Crackdown on Didi Is a Reminder That Beijing Is in Charge
After targeting the ride-hailing platform days after its I.P.O., regulators on Monday moved against more companies that had recently been listed on Wall Street.
China’s Slowdown Already Hit Its Factories. Now Its Offices Are Hurting, Too.
White-collar workers face job cuts and shrinking paychecks even in go-go industries like technology, suggesting the economic pain is broader than official figures show.
Ofo, Pioneer of China’s Bike-Sharing Boom, Is in a Crisis
The business model of many of the country’s tech start-ups — spend furiously to acquire new users, worry about profits later — wobbles as one company’s stock piles up on the streets.