Didi Crackdown: 6 Possible Reasons — Jennifer’s World

(Jennifer’s note: Someone asked me to give a summary of what the Chinese media are saying regarding why ride-hailing giant Didi was cracked down by the Chinese regime. So the following are 6 possible reasons. )

1. Didi decided on its IPO in the US AGAINST Beijing’s advice.

2. The CCP fears about the Data safety amid US-China confrontation. Rumor has it that Didi submitted very detailed info of Chinese maps and user data to the US before its IPO. The data of the maps is not otherwise available to the public, and not the same with the maps everybody is using. Info of some sensitive locations, such as military buildings are also on the maps. Some Chinese netizens are calling Didi “traitor” because of this.

Didi has come out and denied this allegation. I personally don’t believe the US would require Didi to submit this kind of info.

3. While Xi Jinping vowed to have the West “break their heads and shed blood”, Didi is embracing the US capital. This doesn’t look good for Xi.

4. The US authorities are now having stricter audit requirements on Chinese companies. As a result, the huge networks behind the listed Chinese companies could be exposed, and those networks involve all the top CCP figures. The CCP doesn’t want to see that.