Free Republic

Chinese regulators summoned Didi, Geely’s Caocao, and nine other ride-hailing firms on Sept. 1, and accused them of vicious competition, illegal operations, and disrupting the market order.This is the latest action of the Chinese Communist Party’s multi-pronged crackdown on its tech companies, and the second summons after the regulators ordered 10 ride-hailing firms to set up an organization CCP members will lead on May 14.In recent months, Chinese regulators have launched new rules on online video games, tech companies who seek to list on foreign stock exchanges, cloud computing businesses, e-commerce companies, online financing businesses, education, celebrity fan clubs, Bitcoin,...

Ride-hailing will grow eightfold by then and could be five times the size of the taxi market, justifying the giant valuations, the report said. At $68 billion and $50 billion, respectively, Uber and Didi are the two most highly valued venture-backed companies, according to data firm CB Insights. Central to the growth of this industry, according to Goldman Sachs, is the proliferation of self-driving cars.

Note: The following text is a quote: YOU ARE HERE: Home > Reports > Consular Affairs Bulletins > Report Warden Message: Mauritania Kidnapping Threat CONSULAR AFFAIRS BULLETINS Sub-Saharan Africa - Mauritania 27 Jun 2009 U.S. Embassy Nouakchott released the following SMS Warden Message on June 27: Embassy advises American citizens in Nouakchott of a credible threat of a kidnapping attempt tonight, June 27. Americans should exercise utmost security and remain securely locked in their residences and take extreme caution while in vehicles or offices. RELATED REPORTS 23 Jun 2009 WARDEN MESSAGE: MAURITANIA SECURITY AWARENESS FOLLOWING U.S. CITIZEN MURDER 12 Jun...