ONTIME, also known as Ruqi Mobility, announced its completion of an A round of financing totaling over 1 billion yuan, led by GAC Group and followed up by Pony.ai, WeRide, SPARX, Pilgrim Partners Asia and other investment institutions.
As T3 Go, an online car-hailing platform in China, celebrated its third anniversary, CEO Cui Dayong released a letter on Friday announcing the company's goals for the next three years.
Didi Global, a leading ride-hailing platform in China, announced on April 16 that it will hold a special shareholders meeting at 19:00 on May 23 to vote on a voluntary delisting from the New York Stock Exchange (NYSE).
Rumors of 20% staff layoffs at Chinese ride-hailing giant Didi Chuxing have been gradually verified, and the cuts will also impact the firm's international business unit.
Caocao Mobility, which has received key investment from Chinese automaker Geely, reached a strategic cooperation with Ruilan Auto. In addition, Caocao Mobility’s total number of users has now exceeded 120 million.
China's Ministry of Transport on Tuesday released operation data for the domestic online ride-hailing industry in March. The state platform witnessed 539 million orders in March.
Reports have surfaced in Chinese media lately alleging that Meituan has initiated a round of layoffs covering its online ride-hailing department, its grocery e-commerce platform Youxuan, and its hotel and travel division.
Zhou Hang, the founder of Chinese ride-hailing platform Yidao Yongche, has become the chairman of Caocao Mobility, a strategically-invested business of major Chinese vehicle maker Geely.
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.
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%.
On Tuesday, the Jiangsu Traffic Port Prevention and Control Team and other departments summoned six online car-hailing platforms, including Didi and T3 Travel.
A plan to make cars by leading Chinese ride-hailing platform Didi may be officially released in June this year, while deliveries may begin in June next year.
The Cyberspace Administration of China on Friday informed executives of ride-hailing giant Didi Chuxing that its proposals to ensure security and prevent data leaks had fallen short of rectification requirements.
DiDi taxi aggregator will cease operations in Russia and Kazakhstan from March 4 of this year, PR Director of the company in Russia and CIS, Irina Guschina said.
