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The Chinese market regulator has extended its analysis of the country’s technology companies to the roadmap sector, warning Didi Chuxing and nine other companies to oppose price fixing and data monopolization.
The directors of 10 companies that run travel and freight forwarding platforms were called on Friday to meet with eight government departments, including the State Administration for Market Regulation, the Ministry of Transport and the Ministry of Public Security, according to the state. run China Transport News.
Driving platforms were told to address a number of issues, including excessive costs for drivers, opaque profit-sharing mechanisms and arbitrary price changes. Commodity platforms were accused of monopolizing transportation data, lowering industry prices, and randomly charging additional membership fees.
The call is part of a campaign by Chinese regulators to reign supreme in its Internet giants and break new monopolies and ensure that user data is protected, according to independent technology analyst Will Tao.
After regulators unexpectedly called the public overproduction of the Ant Group, the campaign has changed. The Chinese Communist Party has opposed the country’s desire to control the market and reduce its anti-competitive practices.
Along with Didi, the sponsoring platform of SoftBank, which has been the main driver in China since Uber left the market in 2016, Meituan Chuxing had its smallest opponents, the Meituan e-commerce team, and Cao Cao Mobility, the Chinese private driving arm. Geely Automotive. The Full Truck Alliance and Huolala were among the commodity platforms at the meeting.
Didi, who is expected to be listed on the New York Stock Exchange this year, has long had a close relationship with the authorities safety incident range – as well as the murders – in 2018 his drivers were implicated by harsh police warnings and a stoppage of the company’s sharing service.
Didi was again criticized by the transport ministry in March as drivers complained that the company had raised passenger prices without a proper pay raise.
Didi responded last week with a commitment to greater transparency, and released a cost allocation for each average order by 2020. He said drivers received almost 80 per cent in most cases, but there were few “extreme” cases. The group said the company received only 2.7 percent of the total travel costs, which accounted for 30 percent.
Taid said part of the government’s motivation to call on companies was to ensure social stability among the millions of drivers who made a living through the Didi platform. “In cities like Beijing, there are tens of thousands of drivers who know each other well and organize protests,” he said. “The authorities want to avoid this situation.”
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