https://www.theguardian.com/business/2021/jul/09/didi-the-latest-casualty-as-china-tackles-techs-barbaric-growth

Analysis: multiple state agencies have been drafting rules to regulate China’s booming, anarchic tech sector

China’s biggest ride-hailing company, Didi, is the latest casualty of Beijing’s effort to rein in upstart tech companies that had been left to their own devices in the absence of proper regulation.