China's smaller ride-hailing platforms kick into 'wartime mode' as Didi's business goes into overhaul
Several years ago in the early days of the ride-hailing business in China, a large number of companies offered attractive subsidies to users in a bid to capture the market. Those subsidies faded away in recent years as that market stabilized. Now, they're back.
Chinese regulators launch onsite cybersecurity review of Didi
Chinese regulators have launched an onsite review of local ride-hailing giant Didi Chuxing after announcing a decision to conduct a cybersecurity review of the company earlier this month.
Didi's mini-program removed in WeChat, Alipay
The mini-programs in WeChat and Alipay provided users with access to services without having to download Apps. Under normal circumstances, this would be convenient for both users and service providers, but when these mini-programs are not available, it can also have an impact on the operators' business.
Stocks of firms hit by China's cybersecurity review plunge in pre-market trading
Didi, the Chinese ride-hailing giant listed on the New York Stock Exchange, was down about 30 percent at one point before its losses shrunk to about 22 percent. Didi only went public in the US last week, and Tuesday was its fourth day of trading.
Didi's app ordered to be removed from app stores
Bad luck is not over for Didi Chuxing, the Chinese ride-hailing giant that just went public in the US after it encountered China's cybersecurity review.
Didi hit by cybersecurity review, shares plunge 10% pre-market
Chinese ride-hailing giant Didi Chuxing has been hit by a cybersecurity review in China, causing its shares to plunge 10 percent in the pre-market Friday.
Behind Didi's US IPO: its Chinese peers total 7,447
There are 7,448 "ride-hailing" companies in China including Didi, according to data provider Qichacha.
China's ride-hailing giant Didi files for US IPO, could be valued at over $70 billion
Didi's prospectus shows it had 493 million annual active users worldwide and 15 million annual active drivers worldwide in the 12 months ended March 31 of this year.
Didi reportedly scraps plan for HK IPO, aims for US listing within this year
Didi's management was once ready to make its IPO in Hong Kong but it ultimately decided to list in the US because of valuation and other considerations.
Didi reportedly files secretly for US IPO
The certainty of a third-quarter IPO for Didi is high, but ultimately it will depend on the majority shareholder, the report said. Didi's top shareholder is currently SoftBank Group.