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Beijing City Wants To Bring Didi Under State Control, World News

News Snapshot:

Share Beijing city is considering taking Didi Global under state control and has suggested state-owned companies invest in the Chinese ridesharing company, Bloomberg News reported. The central thrust of the city government’s proposal is to regain control of one of its largest companies, and more specifically the data it contains, according to the Bloomberg report on Friday. The Chinese authorities tightened their regulation of technology companies last year to improve market competition, the handling of data and the handling of employees. Under the preliminary proposal, some Beijing-based companies, including the Shouqi Group, which is part of the state-owned Beijing Tourism…

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