On Breakingviews- Stalling Didi Chuxing scrabbles to rev its China engine, says mak_robyn
The logo of Chinese ride-hailing firm Didi Chuxing is seen at their new drivers center in Toluca, Mexico, April 23, 2018. REUTERS/Carlos Jasso
Since driving Uber out of the People’s Republic three years ago, the outfit led by Cheng Wei has stalled under intense regulatory scrutiny. New driver restrictions went into effect across major cities, resulting in a shortage of rides on offer. That was made worse last year after two passengers were murdered in separate incidents, prompting authorities to step up pressure further. The subsequent crackdown forced Didi to remove over 300,000 drivers.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Stalling Didi scrabbles to rev its China engineThe ride-hailing app may try to raise a fresh $2 bln from investors. Even with a dominant share of its home market, loss-making Didi is struggling with regulatory demands and a plethora of small rivals. Lacklustre debuts from rivals Uber and Lyft may put off new backers too.
Consulte Mais informação »
China’s Didi Seeks to Raise up to $2 Billion Amid Uber RevivalChinese ride-hailing company Didi Chuxing Technology is looking to raise fresh funds in the hope that investor enthusiasm in the sector has recovered after initial public offerings of Uber and Lyft.
Consulte Mais informação »
Didi Chuxing is allowing users to book rides with rival services through its own appDidi is allowing users to book rides with rival ride-hailing companies to correct driver/rider imbalance and keep users within its system.
Consulte Mais informação »
China’s Didi Seeks Up to $2 Billion as Ride-Hailing Firms Want Investors to Fund GrowthChinese ride-hailing company Didi Chuxing Technology is looking to raise fresh funds from investors, the latest sign that firms in the sector are eager to raise money to fuel investments while posting steep losses.
Consulte Mais informação »
Stalling Didi scrabbles to rev its China engineThe ride-hailing app may try to raise a fresh $2 bln from investors. Even with a dominant share of its home market, loss-making Didi is struggling with regulatory demands and a plethora of small rivals. Lacklustre debuts from rivals Uber and Lyft may put off new backers too.
Consulte Mais informação »
Breakingviews - Auto pessimism could be over-revved in ChinaOn Breakingviews - Auto pessimism could be over-revved in China, says KatrinaHamlin
Consulte Mais informação »