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Analysis: China is cracking down on data privacy. That's terrible news for some of its biggest tech companies

Analysis: China is cracking down on data privacy. That s terrible news for some of its biggest tech companies
CNN
10 hrs ago
Analysis by Laura He, CNN Business
© Wu Hong/EPA-EFE/Shutterstock
A logo of ride-hailing giant Didi Chuxing is seen on Didi Chuxing s building in Beijing, China, on July 3.
China spent months clipping the wings of some of its tech champions over concerns that they were crowding out the competition. Now Beijing is seizing on data privacy as the next step in a sweeping campaign that threatens to cut companies off from global investment.
The country s extraordinary clampdown on Didi has focused on allegations that the ride-hailing company has mishandled sensitive data about its users in China. ....

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Didi shares dive as China unveils new cyber probe after mega IPO

Didi shares dive as China unveils new cyber probe after mega IPO
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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Didi tumbles after mega IPO as China unveils new cyber probe

Didi tumbles after mega IPO as China unveils new cyber probe
aljazeera.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aljazeera.com Daily Mail and Mail on Sunday newspapers.

New York , United States , Cheng Wei , Alibaba Group Holding Ltd , Cyberspace Administration Of China , Administration For Market Regulation , Uber Technologies Inc , Didi Global Inc , Tencent Holdings Ltd , Didi Global , Cyberspace Administration , Tencent Holdings , Alibaba Group Holding , State Administration , Market Regulation , Brock Silvers , Hong Kong Based , Communist Party , Uber Technologies , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , செங் வெய் , அலிபாபா குழு வைத்திருத்தல் லிமிடெட் , உபேர் தொழில்நுட்பங்கள் இன்க் , நானா உலகளாவிய , அலிபாபா குழு வைத்திருத்தல் ,

Didi IPO Ambition Marred by China Crackdown, Cash Burn Fears

Didi IPO Ambition Marred by China Crackdown, Cash Burn Fears
Bloomberg
2 hrs ago
Coco Liu, Abhishek Vishnoi and Ishika Mookerjee
© Bloomberg
Didi Chuxing s Ride-Hailing Service as Uber Said to Seek Partial Sale of $6.3 Billion Stake
(Bloomberg) Didi Global Inc. is on the cusp of pulling off one of the biggest U.S. initial public offerings of the past decade, the culmination of five years of battling first Chinese regulators and then Covid 19. Now Beijing again threatens to spoil the party.
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Didi, the scrappy upstart that defeated Uber Technologies Inc. in 2016 before embarking on an ambitious international expansion, aims to raise as much as $4 billion in New York. But like its one-time foe, the car-hailing giant has had to settle on going public at a far lower market value than previously targeted. ....

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Didi's Ambitious IPO Marred by China Crackdown, Cash Burn Fears

Didi's Ambitious IPO Marred by China Crackdown, Cash Burn Fears
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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