China’s Big Tech Crackdown

Dan David of Wolfpack Research joins Tyler Neville for this Zer0es TV Flash Update on how China is cracking down on big tech companies like DiDi. This DiDi crackdown came just days after their New York IPO and on the heels of other crackdowns on national darlings like Ant Group. Dan touches on how this action from China is coinciding with US politicians and regulators expressing their own concern around Chinese listings and China’s ability to access user data from US citizens, while Chinese officials are expressing similar concerns about the national security risks for their citizens’ data. This is a major developing story with potential for escalation over the coming months and years that could cause further tensions between the two and affect share prices in both countries.