Chinese regulators summoned Didi, Geely’s Caocao, and nine other ride-hailing firms on Sept. 1, and accused them of vicious competition, illegal operations, and disrupting the market order.
This is the latest action of the Chinese Communist Party’s (CCP) multi-pronged crackdown on its tech companies, and the second summons after the regulators ordered 10 ride-hailing firms to set up an organization CCP members will lead on May 14.
