As ride-hailing and p2p lending face govt. scrutiny in China, a number of state-backed startups have entered those sectors increasing the pressure on incumbents
Financial Times : Tweets: @benjaminqiu Tweets: Benjamin Qiu / @benjaminqiu : The very reason for the rise of tech startups in China was for that the past 20 years they were largely ignored by the regulators and SoEs. As wealth creation dries up in real estate, finance, manufacturing, etc, that time is over. http://www.ft.com/...