“China Uber” mogul Didi and Lenovo have stepped down from social media platform Weibo to join other Chinese tech giants who are avoiding the public eye.

  • Didi’s Jean Liu and Lenovo’s Liu Chuanzhi both made previous posts on their Weibo accounts private.
  • Other Chinese tech giants are retreating from the spotlight amid Beijing’s tech crackdown.
  • Didi has been criticized by Chinese and US regulators for an erroneous listing in New York.

Two CEOs of some of China’s largest tech companies went into hibernation on Weibo, China’s Twitter-like platform. They are the latest on a list of Chinese tech giants who have stepped down from social media.

During the recent five-day Chinese Labor Day holiday, Weibo users Zhang Liu, the president of ride-hailing giant Didi Chuxing has set up the post privately on his Weibo account, which is over six months old. her father, Liu ChuanzhiFounded the computer manufacturer Lenovo, did the same to his account.

However, their accounts appear blank because neither of them have posted anything in the last 6 months.

Obviously, Lius’ Weibo account is still active. Jean Liu’s Weibo account has nearly 10.4 million followers and his father has around 878,000 followers.

Young Liu, a former Goldman Sachs executive who frequently appeared as Didi’s ambassador, used Weibo to handle user complaints and opinions about the company. report in the Financial Times.

Although Lius didn’t give a reason for going private, users quickly assumed that it had decided to go private to avoid escalating Beijing’s scrutiny of its IT sector.

“For now, it’s best to lower the flag and lock the drum,” Weibo said. “If you are quiet, everything will be fine.” said “Liu Chuanzhi and Jean Liu’s Weibo Account Cleanup: Why?”

Didi and Lenovo did not immediately respond to Insider’s request for comment.

China’s tech founders and CEOs have been candid on social media platforms in the past, fueled by their company’s success. Many people have relied on popular platforms like Weibo to interact with their followers. part 573 million users On average, I use Weibo every month.

However, in the midst of a massive crackdown by the Chinese government,

technology sector

Many of China’s tech giants have withdrawn from public attention.

both Jang MingMeituan’s, the food delivery app that founded ByteDance, the owner of TikTok Wang Xing Weibo has made your account private. Founder of e-commerce giant Alibaba Jack Ma Last used the platform in October 2020.

Didi faces regulatory scrutiny in China and the US.

Didi, a ride-hailing app that is often compared to Uber, has recently been controversial for its listing in New York. Last year, Chinese regulators wanted to delay the listing until Didi reviews its data practices. Didi went public earlier in June. anger of Beijing.

In December, Didi said that it would succumb to months of pressure from the Chinese government and delist it from the New York Stock Exchange and instead go public in Hong Kong. plans to give to shareholders. vote About this decision later this month.

Didi this week revealed that he was under additional pressure from the US Securities and Exchange Commission (SEC) regarding the failed listing. “After the initial public offering in the United States, the SEC contacted us to inquire about the public offering,” she said. said in the annual report.

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