Didi Sinks as China Steps Up Scrutiny of Ride-Hailing Sector
- Some firms are disrupting fair competition: transport ministry
- Didi, Full Truck Alliance face scrutiny over data security
The Didi ride-hailing app.
Photographer: Yan Cong/BloombergThis article is for subscribers only.
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. Companies must protect the rights of drivers, root out illegal cars and drivers and also strengthen data security management.