∗Didi Chuxing Archives - Page 2 of 5

Didi Tests Food Delivery Business in Chinese Market Again

The catering service project "Satisfying Gaifan"(满足盖饭) by mobile transportation platform Didi has undergone further tests.

Northern China’s Shanxi Province Hit by Severe Floods, Tencent, Baidu, Alibaba and Others Jump In to Help

Over the past week, Shanxi has suffered from continuous rainfall, causing geological disasters such as collapses, landslides and serious urban water logging across the province.

Didi’s ChengXin Youxuan Shrinks Service Area

Chengxin Youxuan, a community group-buying grocery unit backed by Chinese ride-hailing platform Didi, began to scale back its business operations to nine provinces in only three regions, LatePost reported on Tuesday.

Chinese Regulators Summon 11 Ride-hailing Firms Over Illegal Behavior

On Wednesday, five Chinese regulators have summoned and interviewed 11 ride-hailing firms, including Didi Chuxing and Shouqi, asking them to rectify illegal operation problems and actions that disrupt the market order.

Geely-Backed Ride-Hailing Platform Caocao Chuxing Receives Billions in New Round of Financing

Chinese ride-hailing platform Caocao Chuxing has recently completed a new round of financing totaling several billions of yuan.

Chinese Authorities Interview Firms Including Huolala and Didi to Ensure Rights and Interests of Freight Drivers

China's Ministry of Transport has said that it would work to further protect the legitimate rights and interests of truck drivers.

Didi’s ChengXin YouXuan Preferred Headquarter Relocation, Reducing All Employees’ Salaries and Eyeing Profit

ChengXin YouXuan moved its headquarters to Beijing and Hangzhou at the end of July. The firm then cancelled the extra salary of employees and shifted its main goal from pouring money into business growth to pursuing profits.

“Traitor” and “Evil Capitalist” Allegations Fuel a Perfect Storm for Didi

Besides heightened regulatory pressure from authorities, an increasingly shrill blend of nationalist and anti-capitalist sentiment among Chinese netizens has also acted as a catalyst for Didi’s turmoil, creating an unprecedented scenario on social media.

Hello Inc. Cancels U.S. IPO in Possible Ramification of Didi Penalty

Hello Inc., an app-based urban transportation provider, has scrapped plans for a U.S. initial public offering just three months after the firm submitted its prospectus to the US Securities and Exchange Commission (SEC), according to information disclosed Wednesday on the SEC website.

Didi Set Shares Price Three Days After Listing, Reportedly To Raise More Money

The latest news shows that Didi Chuxing, a Chinese online ride-hailing giant, has been wooed by US stock investors.

Didi Chuxing Compensated 280 Million Yuan of Unpaid Ride Fares in 2020, Open Letter Reveals

In an open letter, Sun Shu, CEO of Didi's ride-hailing branch and head of the Drivers Committee, addressed commission rate policies and disclosed information about wage compensations.

China’s Ride-Hailing King Didi Chuxing Files for Blockbuster US IPO, Revealing $30 Million Profit for Q1

Didi Chuxing, China’s leading ride-hailing platform, unveiled the filing for its long-awaited US stock market debut on Thursday, marking a further step toward what could be the world’s biggest IPO this year.

Ride-hailing Giant Didi Chuxing to Give Drivers Access to Pay Breakdown in Bid to Improve Transparency

Chinese ride-hailing company Didi Chuxing is pushing ahead with its pledge to be more transparent, amid concerns about the platform's pricing mechanisms and accusations of unfair commission rates.

Didi Said to Consider Separate IPO for Its Community Group-Buying Operation

Chinese ride-hailing giant Didi Chuxing is reportedly planning to spin off its community purchasing business and launch a separate IPO for the platform, which allows buyers to obtain discounts by ordering groceries in groups and have them delivered to their neighborhood, according to tech media outlet The Information.

China Imposes Stricter Oversight on Tencent and ByteDance’s Finance Arms as Crackdown on Big Tech Continues

Beijing summoned 13 internet companies engaged in finance business on Thursday, including Tencent and ByteDance, ordering them to comply with tougher regulations.

Didi to Enter Automobile Manufacturing Business: Report

A range of Chinese media outlets reported on Tuesday that Didi Chuxing is expected to start its own automobile manufacturing business. One report from _LatePost_ (https://www.latepost.com/news/dj_detail?id=575) further revealed concrete details on plans to have the company’s Vice President Yang Jun lead the new venture while the team actively recruits from major domestic auto manufacturers.