Published on 9 July 2021
Introduction: When Jean Liu, the president of Didi Chuxing, was asked during an interview with Bloomberg Television why she had given up the Goldman Sachs managing director's role to join the ride-hailing giant, her reply was that she saw Didi's potential to make a "huge impact."
She was right, of course, with Didi rising up to become one of the most highly valued tech companies in China. But there is another side to the story behind Didi's rise -- the huge impact Didi has had on the Chinese society also comes with huge regulatory risk. ... Click here to view the full text.
*Angela Huyue Zhang is director of the Center for Chinese Law at the University of Hong Kong. She is author of "Chinese Antitrust Exceptionalism: How the Rise of China Challenges Global Regulation."