BEIJING: China’s transport minister warned online taxi-hailing companies on Monday over subsidies leading to “unfair” competition, as US giant Uber and homegrown rival Didi spend billions in their battle for market share.
Yang Chuantang did not name either firm and did not threaten specific sanctions, but Chinese authorities have issued huge fines in competition probes in the past, and his comments represent a warning shot to the upstart industry.
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