Can you expand on this? Are you talking about consumers wanting to buy chinese brands (eg. huawei instead of apple), or some sort of officially state sanctioned brand?
Can you expand on this? Are you talking about consumers wanting to buy chinese brands (eg. huawei instead of apple), or some sort of officially state sanctioned brand?
This so called national team, is a myth. It never manifests itself. Apparently, national team backed national captical, executed by nationally-owned enterprises, are not agile and innovative enough when competing with private businesses. That's simply a human nature-driven market econmomy law. Chinese people are not living in an alternative universe where economy laws do not apply.
> Other major state-owned automakers have rolled out their own ride-hailing brands: FAW Group established Yiqi Chuxing in 2019; Hong Kong-listed Dongfeng Motor launched Dongfeng Chuxing in 2018;
https://www.google.com/amp/s/amp.kr-asia.com/chinese-automak...
I don’t have data to prove they competed unfairly to DiDi though but we know didi has been punished to death now