New plans for government relations from ride-sharing giant Didi Chuxing
Top business and technology news for February 17, 2017. Part of the daily SupChina news roundup "Former chief executive of Hong Kong found guilty of misconduct."
- Didi’s new plan to win over unfriendly authorities / Tech in Asia
Didi Chuxing, the ride-hailing company that beat Uber into a humiliating retreat from China in 2016, has announced a plan for corporate restructuring in 2017 in a letter to employees that has circulated in the media. One of the noteworthy items on the plan is the creation of a new “future transit team” that will “work with local governments to create smart transportation systems.” Tech in Asia notes that “Didi may have defeated Uber China, but it has been struggling with government relations in the wake of bans on out-of-town drivers in many of its major markets.”
- We checked out 7 co-working spaces in Shanghai, so you don’t have to / TechNode
The operators of co-working spaces have become darlings of the venture capital community over the last two years, and China is no exception.
- China’s growth odyssey – “Will China’s sociopolitical stability and economic dynamism continue to hold?” / Project Syndicate
- China’s private placement boom on borrowed time – “A three-year boom in private share placements in China, a handy way around tighter control of public share issuance, is running on fumes” / Reuters
- China’s economy doesn’t look so wonderful when you look at the really big numbers / CNBC
- China is battling against market manipulators / The Economist
- ‘Protection of farmers’ remains empty slogan in China / Nikkei Asian Review
- ‘Great Wall’ may crumble, but more China-U.S. films are coming / Bloomberg
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