China is easing its big tech crackdown amid a wounded economy ...Middle East

Quartz - Economy
China is easing its big tech crackdown amid a wounded economy
China’s crackdown on big tech at one point erased billions of dollars of value from some of the country’s most prominent companies. Now, as the country faces an increasingly grim economic outlook, regulators are hinting that they may ease their scrutiny of the sector.Regulators may loosen their grip on Chinese ride-hailing giant Didi Chuxing, allowing the company to start accepting new user registrations again and let its main apps back on the country’s app stores as early as this week, according to the Wall Street Journal. Shortly after the company’s IPO in June last year, China’s cyber watchdog began investigating the company’s cybersecurity; Beijing, worried that the large troves of data

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