Chinese ride-hailing platform Didi formally entered New Zealand to provide the Express service in Auckland. At present, 80% of the local active online ride-hailing drivers have registered on Didi platform. New Zealand is the 11th overseas market of Did…
Last week, the state market regulator fined Luckin and the companies that assisted its sales fraud. New Chinese brands are attracting investor attention.
As Didi moves toward a rumored IPO, the Chinese ridesharing market isn’t growing fast enough for the world’s second largest unicorn.
The monthly active mobile users of China’s blue-collar population has more than doubled from July 2016 to July 2020, from 15.48 million to 33.79 million, with an average annual growth of 21.5%. In the first and second-tier cities, the blue-collar is very active. However, the third and lower-tier cities also have great growth potential. The […]
Didi has streamlined its focus on revenue growth and efficiency, while scaling back its bets on non-core projects such as AI Labs.
According to reports in Chinese local media, Didi Chuxing’s vice president and head of AI Labs Ye Jieping resigned and the company’s CTO Zhang Bo will temporarily take over AI Labs. Ye is a tenured professor at the University of Michigan and he is mainly engaged in the research in machine learning, data mining and […]
According to reports in Chinese local media, Didi’s autonomous driving formally gained a autonomous driving vehicle test license issued by the Hefei government. Prior to this, Anhui’s first 5G autonomous driving open road demonstration line has been pu…
This marks the first expansion for ride-hailing platform Didi into the European market after three years of global expansion mainly in South America.
The bike rental bubble popped a long time ago. Now, a new group of companies are taking a different approach to their predecessors.
Elliott and James welcome Dev Lewis back to the podcast to discuss what a worsening relationship means for Chinese tech companies in India.
TechNode sources confirm reports that Didi will be the next Chinese tech behemoth to push ahead with a multi-billion Hong Kong listing plan.
In a year of exceptional pressure on growth, the BrandZ™ Top 100 Most Valuable Chinese Brands gained 12% in value, in the 10th edition of the ranking revealed by WPP and Kantar. The Top 100 Chinese brands increased their worth by $106.8 billion to reach $996.4 billion, demonstrating the resilience of strong brands and their […]
Entering the e-commerce market means Didi will be competing in a cutthroat industry against grocery delivery giants ranging from Meituan to JD Daojia.
The push by Didi to establish itself in a wider mobility market may drive its valuation even higher, but the competition will be fierce.
Didi president Jean Liu revealed that the company’s ride volumes had gone back to about 60% to 70% of its numbers before the pandemic.
Didi is digging a wide yet deep competitive moat around the broader Chinese mobility market. Bike rentals will be a main driver of growth.
Didi and AutoX are trying to elbow further into the crowded AV race led by Pony.ai and Baidu. Shanghai is finally starting testing.
Covid-19 is accelerating a rapid downward trend in China’s auto sales, and BAIC is looking to offset the decline by partnering with Didi, CATL, and others.
Ride-hailing giant Didi has resumed limited nighttime operations of its carpooling service Hitch in some cities across China, while implementing stricter identity checks for drivers and passengers. Why it matters: Didi suspended Hitch indefinitely in 2…
Chinese mobility service provider Didi Chuxing has reportedly been in talks with Softbank for $300 million in fresh funding for its autonomous driving unit. Why it matters: The investment is a vote of confidence in a Chinese AV startup during a low poi…
The recent deal will help Didi widen its line of auto financial offerings and expand its footprint in the lucrative Chinese online insurance industry.
Offering home deliveries could help Didi offset the impact of the pandemic on its ride-hailing business, which has sank up to 80% in some cities.
Nio-backed Dida Chuxing was fined $21,500 and reminded of government restrictions on all inter-city ride-hailing services to and from Beijing and Wuhan.
China’s Didi Chuxing recently announced that DiDi Mobility Japan, its joint venture with SoftBank, will start providing a food delivery service in Japan from April 2020. A representative from the company revealed that Didi started recruiting food deliv…
China’s bike rental industry is rebounding after the Spring Festival holiday as riders see it as the safest transportation option during the outbreak.
To minimize spreading the Covid-19 virus, Didi will invest RMB 100 million to install plastic sheets between driver and passenger seats in its cars.
The support team will provide free shuttle services for medical workers at 8 designated hospitals in Ningbo.
Didi will bear all the costs involved in offering free ride services in Wuhan, Shanghai, and now Beijing during the virus outbreak.
China’s ride-sharing platform Didi Chuxing recently announced to set up a “community safeguard fleet” to help solve the inconvenient transportation problem for citizens in Wuhan. Didi said in a statement that they urgently recruit 6,000 taxis in Wuhan,…
Dida has four funding rounds under its belt including its latest when it raised an undisclosed amount from Nio Capital in March 2017.
Authorities warned ride-hailing platforms including Didi about maintaining adequate supply and improved safety measures during the holiday.
Didi is being accused of favoring unqualified cars over the qualified ones on its platform in a death note of Yan Baocai, whose car leasing company was forced out of business due to the ride-hailing giant’s monopoly.