didi Archives - Page 2 of 5

Tencent Denies Reported Plan to Cut Stakes in Meituan, Beike and Didi

Reports have emerged recently claiming that Tencent Holdings is considering a reduction of its shares in Meituan, Beike, Didi and other companies, in order to provide funds for its stock repurchase and new business ventures.

Chinese Regulators Hold Talks With 11 Ride-Hailing Firms Including Didi and AutoNavi

On August 22, China's Ministry of Transport conducted interviews with 11 ride-hailing service platforms including Didi, T3 Travel, AutoNavi, Caocao Mobility, and Meituan Taxi.

Chinese Regulators Respond to Didi Review Questions

During a press conference held on the morning of August 19, officials of the Cyberspace Administration of China (CAC) answered questions from reporters. One response pertained to a high profile investigation by authorities into Chinese ride-hailing giant Didi.

ChengXin YouXuan, Community Group Buying Platform Owned by Didi, Restarts Operations in Lanzhou

ChengXin YouXuan, a community group buying platform owned by Didi, has resumed its operations in Lanzhou, Gansu province.

Orange Electric Travel, A Didi and Li Auto Joint Venture, Files for Bankruptcy

On August 11, Orange Electric Travel, a Didi and Li Auto joint venture, added a new bankruptcy review case.

Didi Pay Fined 4.27M Yuan by People’s Bank of China

Information released on July 15 by the Business Administration Department of the People's Bank of China (Beijing) showed that Didi Pay has been formally warned for 12 kinds of illegal acts and fined 4.27 million yuan ($632,349).

Four Chinese Online Freight Firms Summoned by Authorities

China's Ministry of Transport has formally summoned four domestic online freight corporations on July 8, namely Huolala, Full Truck Alliance, GOGOX and Didi Freight.

Meituan, Hello Inc. Among Tech Firms Promoting Shanghai’s Revitalization

Major digital platforms offering daily services to Shanghai residents have also adopted measures to support the efforts, including Meituan Waimai and DiDi Global Inc.

China’s FAW Denies Takeover of Didi

China FAW Group is reportedly considering acquiring a significant amount of shares in ride-hailing giant Didi. FAW has responded to domestic media, stating: "It's not true."

Chief Scientist at DiDi Labs in Los Angeles Kevin Knight Leaves Company

Recently, Kevin Knight, the former chief scientist of the natural language processing (NLP) team of DiDi Labs in Los Angeles, announced on his LinkedIn page that he would leave the lab.

Didi Recruiting for Car Manufacturing Team

An R&D employee from an assembly plant said he recently received recruitment offers from ride-hailing firm Didi to join its vehicle manufacturing team.

Didi Freight May Cut Up to 50% of Employees

Sources said that from November last year to the end of this month, the overall layoff ratio for employees of Didi Freight far exceeded 20%, and may will reach as high as 50%.

Intracity Logistics Platform Huolala Fined 400,000 Yuan

Shenzhen Yishi Huolala Technology Co., Ltd., the operator of intracity logistics platform Huolala, was fined 400,000 yuan ($63,346) on Thursday.

Didi Offers Details of Its Income Structure to End Rumors about Excessive Commission

Didi Chuxing offered details on the income it derives from ride-hailing services on its Wechat official account on Friday.

Didi Chuxing and Huaxiaozhu Fined 1.41M Yuan Amid China’s Tightening Covid Prevention

Ride-hailing platforms Didi Chuxing and its standalone platform Huaxiaozhu were fined a total of about 1.4 million yuan for insufficiently implementing Covid-19 prevention measures and inadequately supervising their drivers’ behavior.

Didi Prepares to Raise over $60B for 2021 Hong Kong IPO

China’s top ride-hailing firm Didi plans to raise $60-$80 billion for its initial public offering in Hong Kong in 2021 and is currently in contact with investment banks, including Goldman Sachs and JPMorgan Chase, according to LatePost.

Ride-Hailing Giant Didi Chuxing To Launch C2C Car Rental Service

According to Jiemian, Chinese Ride-Hailing Giant Didi Chuxing (Didi) will launch its new C2C car rental service based on its newly built Delivery Centers.

Didi Owned Brazilian Transportation Startup 99 Celebrates 1 Billion Trips Completed

99, a Brazilian ride-sharing platform a subsidiary of Didi Chuxing (“DiDi”), today celebrated reaching 1 billion trips completed on its platform.

DiDi to Start Trial Relaunch of P2P Ride-Hailing Service in China

Didi Chuxing announced on November 6 a trial relaunch of Hitch , its P2P ride-sharing service in seven major Chinese cities, at the end of November 2019.

10 Strategic Global Moves by Chinese Tech Companies in 2018

In 2018, many Chinese tech companies expanded their overseas markets and showcased their efforts in going global.

Everything about China's Innovation