Meituan recently split its smart transportation platform, which was established less than one year ago. The car-hailing and unmanned vehicle distribution divisions under the platform are independent.
Shanghai Dazhong Public Utilities (Group) Co., Ltd. announced on Wednesday that Dazhong Chuxing plans to increase capital, enlarge shares and attract a new investor – Alibaba.
The catering service project "Satisfying Gaifan"(满足盖饭) by mobile transportation platform Didi has undergone further tests.
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.
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.
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.
Chinese ride-hailing platform Caocao Chuxing has recently completed a new round of financing totaling several billions of yuan.
China's Ministry of Transport has said that it would work to further protect the legitimate rights and interests of truck drivers.
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.
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., 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.
The latest news shows that Didi Chuxing, a Chinese online ride-hailing giant, has been wooed by US stock investors.
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.
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.
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.