Ninety-four Chinese entities have reached unicorn status, led by ByteDance, the world’s most valuable private company valued at $75 billion.
The cold Beijing winter took a heavy toll on Didi as the Chinese ride-hailing giant announced today that it will lay off 15 percent, roughly 2,000 staff members, this year.
After a flight attendant was allegedly killed by a DiDi Hitch driver during a night ride, the ride-hailing platform Didi Chuxing published safety enhancement plans on May 16, stating that it will bear all relevant responsibilities regarding safety incidents including traffic accidents and criminal cases going forward.
If Didi Chuxing Technology Co., the Uber of China, succeeds in the initial public offering in 2018, it will bypass Uber to become the world’s first publicly listed ride-hailing company.
On February 23, Didi released data on inter-city ridesharing during the Spring Festival. During the first week following Chinese New Year’s Eve (from February 15 to 21), 3.7 million people traveled between cities by Didi ride-share.