Tech

Why Chinese regulators want to crackdown on DiDi

Published

3 years ago

July 23, 2021

The decision made by Didi to go public has been viewed as an attack against the Cyberspace Administration of China and Beijing’s rule.

Chinese officials have begun an intense on-site investigation at the company in recent days.

Punishments may include a hefty fine, suspension of operations, or even the possibility of requiring a state-owned investor to become part of the organisation.

It’s also possible that Beijing will try and delist or withdraw Didi entirely from the US share market.

This follows e-commerce giant Alibaba

It was handed a record $2.8 billion fine following a lengthy anti-trust investigation – and experts believe Didi’s penalty will far surpass this.

Should investors stay away from Didi?

Didi’s share have dropped on the back of this news.

Christopher Uhl from 10 Minutes Trading is warning investors to steer clear.

Related Topics:Business china didi Featured

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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News

Portal between countries shut down after international flashing

Published

20 hours ago

May 16, 2024

Nathan Langridge

An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

Leaders

Is cloud technology the solution for every organisation’s needs?

Published

21 hours ago

May 16, 2024

ticker NEWS

Amidst the dominance of cloud technologies in the tech landscape, questions are rising over applicability and its cost implications.

As businesses increasingly migrate to cloud technologies, skepticism is brewing over whether it’s the optimal solution for every organisational need.

Additionally, the notion of “free” cloud services is being challenged, highlighting the importance of understanding the true costs and benefits associated with cloud adoption.

Harsha Patil, Engineering manager, California USA shares his key insights on the cloud conundrum. #featured

News

Does American media have TikTok bias?

Published

1 day ago

May 16, 2024

ticker NEWS

While the fate of TikTok remains uncertain in the U.S.—there is no shortage of possibilities.

Several investors are hoping to benefit from a new federal law that requires TikTok’s China-based parent company to sell the popular platform or face a ban.

This comes after ByteDance and TikTok filed a lawsuit against the U.S. government to block the law from going into effect.

Meanwhile, eight TikTok creators filed their own challenge, arguing the law violates their First Amendment rights to free speech.

But as the saga continues many media outlets are defending the platform.

David Zhang from China Insider joins Veronica Dudo to discuss. #IN AMERICA TODAY #trending #TikTok #TikTokban #socialmedia #China