Chinese regulators are concluding their probes into ride-hailing platform Didi, digital freight platform Full Truck Alliance, and online recruitment platform Kanzhun, in preparation of lifting the current ban on adding new users.
Chinese ride-hailing platform Didi's internal project "Honghu" has now developed at least 50 driver-side apps and has connected to nearly 90 online ride-hailing companies.
Chinese ride-hailing giant Didi announced on Monday that it will delist from the New York Stock Exchange. Didi plans to file Form 25 with the US Securities and Exchange Commission on or after June 2.
According to the official website of the United States Securities and Exchange Commission (SEC), 11 more Chinese firms were added to its "pre-delisting list" on May 9.
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.
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.
News emerged on Thursday that Liu Zhen, who has in charge of Genki Forest's overseas business, had left the company in early March. Genki Forest has confirmed that the news is true.
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.
An office within the Beijing Transportation Department on Thursday summoned four logistics-based digital platform companies and scheduled a meeting with four online ride-hailing platform companies.
According to Tianyancha App, on Monday, Beijing 19Pay Technology Co., Ltd. underwent changes with the Industrial and Commercial Administration. Zhang Bo, CTO of Didi Chuxing, stepped down as the Chairman of 19Pay.
Leading Chinese microblogging platform Weibo announced on Monday that Zhang Yong, CEO of Alibaba, has resigned from the position of company director with immediate effect.
Didi's former senior technical director in the basic platform department, an individual surnamed Yu, was convicted on Wednesday for accepting bribes.
DiDi Global Inc. reported its first financial report for Q2 and Q3 on Thursday, showing that its net loss attributable to ordinary shareholders in the third quarter was 30.6 billion yuan ($4.8 billion).
Chinese ride-sharing startup T3 Travel announced the completion of its Round A financing on Tuesday, amounting to 7.7 billion yuan ($1.2 billion).
With several top players withdrawing from the competition, the bloated market is entering a new phase of consolidation.
T3 Travel is about to complete its latest round of financing, including equity financing of more than 5 billion yuan ($755 million).
Six Tianjin Government Departments conducted a joint interview with eight car-hailing platforms on Wednesday, including Didi Chuxing, T3 Travel, Meituan and CaoCao Chuxing.
Deputy director of the National Network Information Office told attendees at a press conference that China's forthcoming rules for protecting critical information infrastructure are not aimed at firms planning overseas listings.
Didi Global affirmed in a Weibo post that the company is actively and fully cooperating with regulators' ongoing cybersecurity probe, and that rumors concerning changes to the company's management are not true.
A representative from Beijing-based internet technology firm Bytedance has denied a recent report regarding its alleged plan to launch an IPO at the Hong Kong Stock Exchange in the near future.