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China Criticizes Didi, Meituan in Car-Hailing Clampdown

Sep.02 — Chinese regulators summoned executives from 11 car-hailing companies — including services run by Didi Global Inc., Meituan and Alibaba Group Holding Ltd. — and criticized them for disrupting fair competition and hurting the interests of drivers and passengers, according to a statement published Thursday. Enda Curran reports on “Bloomberg Surveillance Early Edition.”

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Sep.02 — Chinese regulators summoned executives from 11 car-hailing companies — including services run by Didi Global Inc., Meituan and Alibaba Group Holding Ltd. — and criticized them for disrupting fair competition and hurting the interests of drivers and passengers, according to a statement published Thursday. Enda Curran reports on “Bloomberg Surveillance Early Edition.”

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2 Comments

2 Comments

  1. Kyodo News Agency

    September 2, 2021 at 11:13 am

    AI expert Lee Kai-fu on China clampdown against big tech — “In the age of artificial intelligence, big data is the new hydrocarbon. China used to have a huge advantage over the US in the realm of big data. But that advantage was eroded by Trojan backdoors like Didi and other Chinese tech companies who had to surrender their China-based big data to the US regulatory bodies in order to get listed in the US bourse. This is a painful and costly lesson for China.”

  2. Sharp Investment Show

    September 2, 2021 at 10:05 pm

    Peak Fintech is my #1 play on the Chinese economy! They are also expanding globally a well.

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Big Tech in Wait-and-See Mode | Bloomberg Technology

Bloomberg’s Caroline Hyde and Ed Ludlow discuss the market cool-off as investors digest the direction of Fed cuts and Donald Trump’s next moves. And, EV’s take a hit as reports emerge that the $7,500 EV tax incentive will be cut under the new Trump administration. Plus, how one company is growing customers with their plant-based…

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Bloomberg’s Caroline Hyde and Ed Ludlow discuss the market cool-off as investors digest the direction of Fed cuts and Donald Trump’s next moves. And, EV’s take a hit as reports emerge that the $7,500 EV tax incentive will be cut under the new Trump administration. Plus, how one company is growing customers with their plant-based protein.
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Harvesting Plant-Based Proteins

Plantible co-founder Tony Martens Fekini discusses the company’s latest $30 million funding round and expansion as demand for sustainable meat-alternatives rises. He joins Caroline Hyde and Ed Ludlow to discuss on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde…

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Plantible co-founder Tony Martens Fekini discusses the company’s latest $30 million funding round and expansion as demand for sustainable meat-alternatives rises. He joins Caroline Hyde and Ed Ludlow to discuss on “Bloomberg Technology.”
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Alfred Chuang of Race Capital discusses the potential impact of tariffs and trade wars on the tech industry under the new Trump administration. He joins Caroline Hyde and Ed Ludlow to discuss on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with…

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Alfred Chuang of Race Capital discusses the potential impact of tariffs and trade wars on the tech industry under the new Trump administration. He joins Caroline Hyde and Ed Ludlow to discuss on “Bloomberg Technology.”
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