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by 3pt14159
3549 days ago
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This is just a Bloomberg PR piece. China has a plan for the internet: Don't let outsiders control critical IT infrastructure / personal data. > It was widely suggested in press accounts that the Chinese government helped Didi in its battle against Uber. Cheng rejects that, noting that as the largest ride-hailing company, Didi had to shoulder most of the regulatory burden and paid tens of millions of yuan to cover driver traffic citations and other fines. Here in 2015 is the president of Didi talking about the strong government support they received: http://video.cnbc.com/gallery/?video=3000395252 I'm not criticizing them, if I were China I wouldn't want the USA in charge of that either, but let's not pretend this was a level playing field. |
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By making it effectively impossible for foreign (i.e. American) internet companies to operate in China, they've ensured that the spaces occupied by Google, Facebook, Twitter, Amazon, Uber, and even to some extent Microsoft have been filled by Chinese-owned and China-based companies.
[0] Although that too, of course.