China adds fear factor as it reins in listed tech firms

The Cyberspace Administration of China said that Didi had serious problems involving the illegal collection of personal data. — AFP

LOS ANGELES: A raft of measures taken by China to control its tech firms and expand national security protection are rattling the entertainment sector and Internet giants at home and abroad.

On Sunday, Chinese regulators shocked stock markets by banning downloads of ride hailing app Didi Chuxing. Other than another enforcement action two days earlier, which blocked Didi from accepting new users, the company apparently had no notice of the latest action. Didi said the move would damage its business.