China’s Ministry of Transport released new guidelines for protecting the rights of ride-hailing drivers in the country, urging ride-hailing companies to pay drivers reasonable compensation, help them participate in social insurance and improve their working environment. The ministry’s move comes amid the Chinese government’s harsh regulatory crackdown on Didi Global, the country’s biggest...
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Opinion Asia Policy
China’s Tech Crackdown Is a Geopolitical Play
It hardly bears repeating that 2021 was a rough year for China’s platform companies. The firehose of new regulations and rolling crackdowns on everything from data security to overseas listings cost Chinese shares—including those of Didi, Meituan, Pinduoduo, JD.com, Tencent, and ByteDance—42% of their cumulative value in the U.S. and Hong Kong. Not so long ago, China held up...
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