As ride-hailing and p2p lending face govt. scrutiny in China, a number of state-backed startups have entered those sectors increasing the pressure on incumbents (Financial Times)
As ride-hailing and p2p lending face govt. scrutiny in China, a number of state-backed startups have entered those sectors increasing the pressure on incumbents — Technology start-ups in two of China's hottest sectors are facing a fresh rush of competition as state-backed rivals push into ride-hailing and peer-to-peer lending.
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