LOS ANGELES: A raft of measures taken by China to control its tech firms and expand national security protection are rattling the entertainment sector and Internet giants at home and abroad.
On Sunday, Chinese regulators shocked stock markets by banning downloads of ride hailing app Didi Chuxing. Other than another enforcement action two days earlier, which blocked Didi from accepting new users, the company apparently had no notice of the latest action. Didi said the move would damage its business.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!