Shares in Alibaba, Tencent, and JD fall after China's antitrust watchdog announces a ban on unfair competitive practices, including exploiting user data
Shares of country's big tech companies slide as crackdown on sector intensifies — China will ban its internet platforms from a wide array …
Financial Times Christian Shepherd
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Discussion
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@mdudas
Mike Dudas
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only the ccp may exploit user data https://twitter.com/...
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@therealjoshye
@therealjoshye
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SCMP Exclusive: Beijing's unprecedented probes into Didi-Chuxing, also involving public security investigators, have gummed up business operations at the platform that dominated 90 per cent of the country's ride-hailing industry, said sources. 1/ https://www.scmp.com/...
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@therealjoshye
@therealjoshye
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Investigators, who sequestered themselves into Didi's head office in the Zhongguancun Software Park in the northwestern corner of the Chinese capital, have called mid-level staff in for hours of questioning, even on weekends and at short notice, employees said. 4/
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@therealjoshye
@therealjoshye
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Engineers and product managers at the Beijing company, whose smartphone apps were removed from Android and Apple app stores in early July, are now busy writing up patches to close what Chinese regulators called technical loopholes in Didi's data management system, according 2/
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@therealjoshye
@therealjoshye
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...to staff. Several business units of the company have lowered their performance targets for 2021, which were set in January at the start of the financial year, because those goals were no longer realistic, given the review of the company's business on July 16. 3/