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.
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.
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, a community group buying platform owned by Didi, has resumed its operations in Lanzhou, Gansu province.
On August 11, Orange Electric Travel, a Didi and Li Auto joint venture, added a new bankruptcy review case.
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).
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.
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 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."
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.
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.
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%.
Shenzhen Yishi Huolala Technology Co., Ltd., the operator of intracity logistics platform Huolala, was fined 400,000 yuan ($63,346) on Thursday.
Didi Chuxing offered details on the income it derives from ride-hailing services on its Wechat official account on Friday.
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.
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.
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.
99, a Brazilian ride-sharing platform a subsidiary of Didi Chuxing (“DiDi”), today celebrated reaching 1 billion trips completed on its platform.
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.
In 2018, many Chinese tech companies expanded their overseas markets and showcased their efforts in going global.