The fine concludes a five-month antitrust investigation into the on-demand services provider, as Beijing continues its campaign to rein in the activities of Big Tech companies.
Meng’s release has lifted spirits at the company but analysts question whether it signals a real shift in Huawei’s fortunes amid simmering US-China tech tensions.
The CEOs of Alibaba and Xiaomi showed up at the World Internet Conference to pledge support for Xi Jinping’s ‘common prosperity’ drive by helping small and medium-sized businesses.
Ride-hailing orders for Didi fell 21.1 per cent in August from the previous month, a steeper decline than the industry’s overall 17.2 per cent decrease in the same period.
The Ministry of Transport orders local authorities to enforce driver and vehicle licensing requirements, as Didi rivals scramble for market share.
JD.com’s Richard Liu recently joined the founders of ByteDance and Pinduoduo in stepping aside from day-to-day management, but some wonder whether they are really motivated by other interests.
Richard Liu Qiangdong has become the latest tech entrepreneur to step down from a leadership position to focus on other efforts aligning with Beijing’s interests.
Meituan’s CEO has repeatedly warned investors of more losses to come in the next quarter as the company continues to invest in the sector to seize market share.
Proposed updates to the country’s e-commerce law promise much harsher punishments for operators found selling fake products online.
China’s largest food delivery and on-demand local services provider posted second-quarter revenue of US$6.8 billion.
Beijing-based company has opened over 100 vacancies for the unit since the end of last month, including design, engineering and procurement.
Ride-hailing orders on Didi rose 13.1 per cent in July, above total industry growth, showing Beijing’s crackdown has done little to shake the company’s dominance.
Didi remains the most stable source of orders and the app also allows drivers to set their direction and distance preferences, giving it an advantage.
Employees of Didi Chuxing have been forced to make demands from regulators their top priority as the ride-hailing giant seeks to get its app back into Chinese app stores.
Didi introduces breakdown of drivers income after criticism over lack of transparency on pricing and fee sharing.
China’s regulators should tighten their grip on video games to avoid historical misrepresentations, according to the country's top radio broadcaster.
The removal of the feature is the latest case to show the growing complexity and difficulty in navigating China’s data and privacy regulatory landscape, even for a local company.
JD.com is forming an air cargo joint venture with Nantong Airport Group and will contribute 75 per cent of its starting capital.
Investors ranging from venture capitalists to secondary market investors are all trying to second-guess what is coming next from Chinese regulators.
The statement did not name Didi directly but the tone was tough compared with comments in the wake of a March meeting.
China’s ban of private tutoring for children has put an abrupt end to a once-bustling industry but may actually create a black market that could significantly push up prices as demand will remain stable.
The booming industry has added to the costs of young households, contributing to a financial burden that has dissuaded families from having more children, even as the government abandoned its one-child policy population control.
Jack Ma and fellow tech titans were among China’s most charitable entrepreneurs for 2020, a year that ended with Big Tech companies facing increased scrutiny from Beijing regulators.
Beijing’s scrutiny of the US$112 billion off-campus tutoring market has prompted some firms to realign their operations, while others explore prospects in overseas markets.
Former Chongqing mayor Huang Qifan warned that business models relying on harvesting data and taking advantage of human weakness will not work under tighter Beijing regulations in the future.
Seven Chinese central government departments have begun an on-site cybersecurity inspection of ride-hailing giant Didi Chuxing.
Online retail giant JD.com plans to give all its 370,000 employees a 14 per cent pay rise over the next two years in a show of financial strength as rivals face regulatory scrutiny.
Meituan looks to take advantage of Didi’s regulatory woes by also including other small players in China’s ride-hailing market on its app.
The crux of the controversy, which has wiped off about US$23 billion off Didi’s capitalisation from its July 1 high, was a misinterpretation over the clarity and forcefulness of the CAC’s instruction for Didi to postpone its New York listing.
