Technology

Didi Sinks as China Steps Up Scrutiny of Ride-Hailing Sector

Didi Sinks as China Steps Up Scrutiny of Ride-Hailing Sector

China will step up oversight of its ride-hailing and on-demand trucking companies from Didi Global Inc. to Full Truck Alliance Co., adding to a widening campaign by Beijing to rein in its internet sector. Some firms in the industry are currently operating irregularly and disrupting fair competition, the transport ministry said in a statement Friday that didn’t identify any specific firms.

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