Didi, Lenovo founders join Chinese tech leaders ending public presence on Weibo

Several other Chinese tech company founders have similarly gone private on social media, or stopped posting, in the past two years.Such business people, especially Mr Ma, had in the past been among China's most outspoken citizens, buoyed by their entrepreneurial success, before a sweeping regulatory crackdown that started in late 2020 brought China's once-freewheeling internet sector to heel.

Henry Gao, an associate professor of law at Singapore Management University, said such withdrawals from the public online space reflected growing restrictions around what could be said publicly in China, and the increasingly difficult environment facing tech firms.

Meituan's Mr Wang, a once-avid user of the Fanfou social media site he founded, saw shares in the food delivery giant slump last year after he posted an ancient poem that was perceived by some as being critical of the Chinese government and President Xi Jinping.Jean Liu, a former Goldman Sachs banker, is one of China's best-known businesspeople but has come under fire in recent months due to controversies over Didi's $US4.4 billion New York listing.

Source: News Formal (newsformal.com)

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