News Snapshot:
Chinese government agencies said Friday that they had received complaints about excessive and unclear commissions charged by ride-hailing apps. © Reuters NIKKI SUN, Nikkei staff writer May 14, 2021 19:39 JST | China Copy Copied HONG KONG -- Didi Chuxing and nine of its smaller ride-hailing rivals were summoned by top Chinese regulators on Friday over complaints about their business practices. The sector is the latest part of China's online platform economy to be targeted by regulators amid an antimonopoly crackdown that pushed Alibaba Group Holding this week into its first quarterly loss as a public company and has silenced...
