Internet infrastructure operators like Didi have to now demonstrate their political and lawful legitimacy to the governing administration, Ma Changbo, an on the internet media commence-up founder, wrote on his WeChat social media account.
“This is the second half of the U.S.-China decoupling,” he wrote. “In the funds market place, the product of actively playing both of those sides of the fence is coming to an end.”
Didi, Ms. Liu and Mr. Liu didn’t immediately respond to requests for remark.
China’s online corporations have benefited from the most effective of two worlds due to the fact the 1990s. Several been