China’s cyber watchdog tries to assuage concerns of Internet firms

There is also no final word on the saga of Chinese ride-hailing giant Didi Global, which was the subject of a CAC-led probe that forced the ride-hailing leader to delist from New York within a year of its debut and made foreign investors wary about China’s tech sector. — Bloomberg

BEIJING: China’s cyberspace watchdog wants to build an “affectionate” relationship between Internet enterprises and the government, a senior official said, the latest verbal assurance to an industry still on edge after a long and bruising regulatory crackdown.

Niu Yibing, vice minister of the Cyberspace Administration of China (CAC), told a news conference on Aug 19 the agency was supportive of the sector’s healthy development and wanted to create a “healthy, get-to-the-top, can-do entrepreneurial atmosphere”.