
China’s Crackdown on Big Tech: Didi Global Inc.
In an authoritarian government, data is powerThe Chinese Communist Party is on a campaign to reign in the private sector and some analysts say it is just the beginning. According to Wall Street Journal: Investors, analysts and company executives believe the government is just getting started in its push to realign the relationship between private business and the state, with a goal of ensuring companies do more to serve the Communist Party’s economic, social and national-security concerns. Jing Yang, Keith Zhai, and Quentin Webb, “China’s Corporate Crackdown Is Just Getting Started. Signs Point to More Tumult Ahead” at Wall Street Journal. Last November, the Chinese Communist Party (CCP) reined in Ant Group, Ltd. which was poised to open on the Shanghai and Hong Kong index with…