Just days after its lucrative listing on the New York Stock Exchange, China ride-hailing giant Didi Global was hit with another round of sanctions by the Cyberspace Administration of China (CAC). On July 4, the country’s Internet regulator...
Didi Chuxing, China’s wildly popular ride-sharing service, said on Wednesday that it would overhaul its app and its safety and security practices, after reports that a passenger had been raped and killed by her driver.
Chinese ride-hailing group Didi Chuxing has signed partnership agreements with 12 car companies to help them market auto-sharing services and electric vehicles.
There’s good news for foreigners living in, or visiting, China after Didi Chuxing — the local ride-sharing leader — added support for English language and overseas credit cards to its service for the first time.
China’s homegrown answer to Uber is about to become the world’s second most valuable startup.
In the first half of 2016 alone, investors poured US $37 billion into Chinese startups: Didi Chuxing, Ant Financial, and Meituan-Dianping top the list
“We felt like the People’s Liberation Army, with basic rifles, and we were bombed by airplanes and missiles.”
China isn’t big enough for two ride-sharing companies....
A Cabinet document sets guidelines for registration, fares, employment of drivers and payments.
Research carried out by Peking University’s Statistical Science Centre and Guanghua School of Management found that Chengdu suffers from air pollution 88 percent of the time—even worse than Beijing at 76 percent.
It provides an equity investment of $300 million, and a separate “long-term debt investment” of RMB 2 billion ($305 million).
The visit comes as the company’s prospects in its second largest market appear to be souring.
Beijing-based Didi Kuaidi Joint Co. is close to completing its latest funding round to raise more than $1.5 billion.
Ride-booking services have threatened the old-style taxi sector and contributed to cab drivers' protests.
Didi Kuaidi is taking on Uber for the title of largest ride-hailing company in the world’s largest country--or, Uber appears to be trying to unseat the homegrown favorite.
