[ad_1] With 377 million annual active users in China and serving in 16 other countries, Didi Chuxing was celebrated as a local technology champion in China. It defeated its AmericanRead More
Tag: Didi
Uber Loses $2.4 Billion, Largely Due to Didi Investment
[ad_1] China’s crackdown on big tech companies continues to resonate around the world. On Thursday, Uber said it lost $2.4 billion in its most recent quarter, largely due to itsRead More
Pushing the Limits Paid Off for Didi, Until China Cracked Down
[ad_1] China’s leading ride-hailing company, Didi, was an operation of dubious legality when it raised its first big bucket of money nearly a decade ago. And in one way orRead More
Uber Records Rare Profit Thanks to Share in Didi
[ad_1] Uber has recovered from the pandemic and the driver shortage that followed, the company said on Wednesday. The company’s second-quarter revenue rose 105 percent year-on-year to $3.9 billion, slightlyRead More
In another blow to Didi, China stopped downloading another 25 apps.
[ad_1] In its latest criticism of ride-hailing giant Didi, China ordered the removal of 25 more of the company’s apps from mobile stores on Friday, deepening the regulatory vortex thatRead More
China’s Pressure on Didi Reminds Beijing to Be Responsible
[ad_1] In less than a week, China’s leading ride-hailing platform Didi has gone from being an investor darling with a mega-dollar startup on Wall Street to becoming the biggest newRead More
Chinese Ride-Hello Giant Didi Makes Her Wall Street Debut
[ad_1] DidiChina’s leading ride-hailing platform made its Wall Street debut Wednesday, marking a year when ride-hailing and travel companies struggled to overcome intermittent pandemic lockdowns. Didi began trading at $16.82Read More
China Orders Didi From App Stores In Increasing Compression
[ad_1] The Chinese government has ordered the country’s leading ride-hailing platform, Didi, to be removed from app stores due to “serious” issues with the collection and use of customer data.Read More