News
Didi and other apps may return soon as China probes wind down
Chinese regulators are concluding probes into Didi, Full Truck and Kanzhunm, and may allow their apps back on local app stores this week: WSJ Read more…
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Are we seeing a selective reprieve for Chinese technology?
China has moved to end the uncertainty that has been plaguing its technology sector with a statement that appears to be selective. Read more…
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Didi is the latest firm being crushed by Chinese and US regulators
The Chinese technology sector is being crushed by both US and Chinese regulators, which may leave some – like Didi – with nowhere to go. Read more…
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China’s CAC orders pre-IPO security review for firms with over 1m users
Cyberspace regulator CAC says any company with data for more than 1 million users must undergo a security review before listing overseas. Read more…
News
Didi debut darkens outlook for US listings of Chinese tech firms
China’s stepped-up scrutiny and clampdown on ride-hailing giant Didi Global soon after its debut have darkened the outlook for US listings. Read more…
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China’s Didi plans new services and ads on the back of 5G
Chinese ride-hailing service Didi Chuxing could start offering advertising and other services once the rollout of 5G technology speeds streaming. Read more…
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China’s Didi launches suite of financial products
BEIJING (Reuters) – China’s Didi Chuxing has launched a suite of financial products, including crowdfunding and lending, as it continues to diversify outside the ride-hailing business following a year of safety scandals. The move comes Read more…
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Ride-hailing firm Didi address concerns after users murdered
SHANGHAI (Reuters) – Chinese ride-hailing firm Didi Chuxing on Wednesday announced a reorganisation plan aimed at improving safety on its platform, as it works to address public and government concerns raised after the murders of Read more…
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China probes ride-hailing services after Didi murder
HONG KONG (Reuters) – China will conduct comprehensive inspections on all ride-hailing service companies, the transport ministry said on Friday, after a driver from dominant firm Didi Chuxing murdered a 20-year-old passenger in August. The Read more…
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Japan is “stupid” for blocking ride-sharing services: Masayoshi Son
TOKYO (Reuters) – SoftBank Group chief executive Masayoshi Son blasted Japan on Thursday for not allowing ride-sharing services, calling it “stupid” and saying the country was lagging overseas rivals in areas such as artificial intelligence (AI). “Ride-sharing Read more…
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Didi Chuxing’s expansion continues with Careem investment
DUBAI/FRANKFURT (Reuters) – Didi Chuxing, China’s largest ride-hailing firm, has invested in Middle East online taxi service Careem in a new partnership deal that marks Didi‘s latest international expansion against rival Uber. Didi is seeking Read more…
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Didi Chuxing eyes Europe, Africa expansion with Taxify investment
HONG KONG/FRANKFURT (Reuters) – Chinese ride-hailing company Didi Chuxing is investing an undisclosed amount in Estonian online taxi firm Taxify to help it expand in Europe and Africa, where it has gained share in some Read more…
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Didi and SoftBank add almost $2.5b to Grab’s war chest
SINGAPORE (Reuters) – Ride-hailing firm Grab expects to raise $2.5 billion to spend extending its lead over Uber Technologies and expanding into financial services, in the latest injection of funds into Southeast Asia’s burgeoning tech Read more…
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Grab could get $2b injection from SoftBank and Didi: WSJ
REUTERS – Grab, Uber Technologies’ biggest rival in Southeast Asia, is raising as much as $2 billion in funding from Japan’s SoftBank Group and China’s top ride-hailing firm Didi Chuxing, the Wall Street Journal reported Read more…
Views
Chinese ride-hailing platform Didi could be in deep do do
Didi is now the only credible ride-hailing platform left in the Chinese market, but its problems are far from over because local Chinese governments are finally enforcing regulations designed to protect the taxi industry. In Read more…
