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.
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.
Beijing summoned 13 internet companies engaged in finance business on Thursday, including Tencent and ByteDance, ordering them to comply with tougher regulations.
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.
Ten companies have been fined for malpractice in past mergers and acquisitions deals, according to a statement from the State Administration for Market Regulation (SAMR) on Friday.
DiDi released a “2020 in Numbers” report on Thursday to capture the firm’s highlights from last year, with the pandemic in 2020 bringing the firm new opportunities and challenges.
Leading mobile transportation provider Didi Chuxing unveiled its new model D1 on Nov. 17, the world’s first electric vehicle custom-built for ride-hailing.
Leading Chinese ride-hailing platform Didi Chuxing was said to seek filing for an initial public offering in Hong Kong with a target valuation of $60 billion, Reuters reported, citing people familiar with the matter.
Leading Chinese ride-hailing company Didi Chuxing on Sept. 29 issued an announcement stating that Sept. 30, Oct. 1 and Oct.7 are the three days with the most ride-hailing calls in 2020, with Sept. 30 being the peak due to the upcoming National Day Holiday.
Leading ride-hailing company Uber Technologies Inc. is seeking to sell part of its $6.3 billion stake in Didi Chuxing, Bloomberg reported.
Leading Chinese ride-hailing company Didi Chuxing announced that its global daily trips reached a record of more than 50 million on Aug. 25, which was Chinese Valentine’s Day.