Except that Chinese companies list in the US all the time without being penalized by the government, and conversely the list of companies who were called out for illegal data collection includes plenty that are listed in China or haven't IPO'd. Didi is definitely the most high-profile case so far where the app was suspended, though.
That's certainly interesting. In May, they put the makers of 105 different apps on notice and gave them 15 working days to comply: http://www.cac.gov.cn/2021-05/20/c_1623091083320667.htm It seems like the new normal is to call out companies a few at a time, with penalties starting immediately? I wonder whether there'll be similar announcements every day from now on.
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[ 4.6 ms ] story [ 23.4 ms ] thread- https://www.bloomberg.com/news/videos/2021-07-04/china-block...
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