Home / Market Update / China’s Crackdown on Tech Firms Continue

China’s Crackdown on Tech Firms Continue

China continues with severe measures against tech platforms, especially U.S.-listed firms, after the removal of Didi Chuxing from Chinese app stores.

Authorities in Beijing have reportedly announced investigating Boss Zhipin, Yunmanman, and Huochebang, the Financial Times reported.

It is worth pinpointing that Didi Chuxing is considered China’s biggest ride-hailing company.

However, the Cyberspace Administration of China announced that the company was found to be in serious violation of regulations in its collection and use of personal information.

Check Also

Four Words That Moved Trillions: Trump’s War Remark Sparks Stunning Wall Street Reversal

Wall Street experienced one of its most dramatic turnarounds in recent memory on Monday, as …