Friday, July 22, 2022

Despite Didi's $1.2 billion fine, China's regulatory issues with tech may not be resolved

The crackdown lopped hundreds of billions of dollars off its tech companies' market capitalisations, prompted layoffs at several firms, made them reticent about seeking new opportunities and even drove downsizing of businesses, as companies sought to comply with the new rules.

from Gadgets Now https://ift.tt/DS0jGqK

No comments:

Post a Comment

Mercedes plans bigger India play with greater localisation of parts

Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to a...