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Opinion

Didi's failure to listen forces rewrite of Chinese tech listing rules

Big data can be a valuable asset, as well as a liability

| China
The logo of Didi ride-hailing app on a smartphone, pictured in Nanchang on July 4: the huge impact Didi has had on the Chinese society also comes with huge regulatory risk.   © FeatureChina/AP

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."

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."

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