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The China News Database was last updated at 01:50PM on November 9, 2023.
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166 articles matching the search query.
China’s Didi Chuxing spins out self-driving car unit
Move comes as ride-hailing group seeks to raise funds as ‘capital winter’ chills tech sector
Toyota Seeks Tech Strength With $600 Million Investment in Didi Chuxing
Toyota will invest $600 million in Chinese ride-hailing company Didi Chuxing, in the Japanese auto maker’s latest push to expand its technology portfolio.
China’s Didi Seeks Up to $2 Billion as Ride-Hailing Firms Want Investors to Fund Growth
Chinese 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.
China’s ride-hailing giant Didi is welcoming its competitors to its app
Didi wants to book more rides, but could end up helping rivals that will compete with it one day.
China’s Didi offers banking services as it rides into Latin America
To overcome the issue of unbanked riders, Chinese ride-sharing giant Didi Chuxing is partnering with financial institutions to offer drivers in Brazil and Mexico a bank card allowing them to get income from daily rides.
China’s Tesla wannabe Xpeng starts ride-hailing service – TechCrunch
There’re a lot of synergies between electric vehicles and ride-hailing. Drivers are able to save more steering an EV compared to a gas vehicle. Environmentally conscious consumers will choose to hire an electric car. And EVs are designed with better compatibility with autonomous driving, which is expected to hit public roads in the coming decades. […]
Didi Dominates Ride-Hailing in China but Loses Money on Many of Its Trips
Didi Chuxing Technology beat out Uber in China, but nearly three years later the startup, whose investors include its former rival and SoftBank, still struggles with profitability in its core ride-hailing business.
Killer cab driver’s family ordered to pay US$92,700 compensation
Driver Liu Zhenhua took own life after murdering Li Mingzhu in case that shocked China.
Didi is axing jobs and could retreat from food delivery and bike sharing | CNN
China's biggest ride-hailing firm is axing 15% of its staff and scaling back non-core businesses as it tries to get back on track following the murders of two passengers last year.
China’s Didi is laying off 15% of its staff – TechCrunch
China’s largest ride-hailing firm, Didi, plans to let go 15 percent of its employees, or about 2,000 people this year, sources told TechCrunch. The cut comes as the beleaguered transportation giant copes with a stricter regulatory environment that puts a squeeze on driver supply and backlash from two high-profile passenger murders last year. Chief executive Cheng […]
China’s Didi reportedly lost a staggering $1.6 billion in 2018 – TechCrunch
China’s largest car-hailing company is facing relentless pressure from all fronts. Beijing-based Didi Chuxing reportedly lost a staggering 10.9 billion yuan ($1.6 billion) in 2018, according to financial data that Chinese news site 36Kr obtained. For some context, Uber posted a net loss of $939 million on a pro forma basis and an EBITA loss at $527 million during […]
China’s grey economy losing ability to cope with laid off factory workers
Ride-hailing service Didi Chuxing, online food delivery platform Meituan Dianping as well as streaming services like Huya, Douyu and Kuaishou have faced challenges.
For Chinese Startups, an Economic Slowdown Brings a ‘Freezing Winter’
China’s tech sector is slumping, as an economic deceleration amid the trade fight with the U.S. causes layoffs and shrinks the easy venture funding that fueled a thriving startup scene.
Tencent moves into automotive with $150M joint venture – TechCrunch
China’s internet firms are getting pally with giant state-owned automakers as they look to deploy their artificial intelligence and cloud computing services across traditional industries. Ride-hailing startup Didi Chuxing, which owns Uber China, announced earlier this week a new joint venture with state-owned BAIC. Hot on the heels came another entity set up between Tencent and the […]
Didi Chuxing Mulls Layoffs
Ride-hailing giant Didi Chuxing is considering layoffs as it grapples with tighter regulations that limit its supply of drivers and cars, joining other Chinese tech companies whittling costs amidst the slowest economic growth in three decades.While plans haven’t been finalized and the figures ...
A Chill From Beijing Buffets China’s Tech Sector
After years of thriving under Beijing’s relatively light hand, China’s fast-growing technology sector is facing an unfamiliar situation: stepped-up government scrutiny.
Didi Chuxing loses Rmb4bn in first half of year
China ride-hailing company is paying out billions of dollars annually in subsidies
China goes without Didi Chuxing for the first time
Imagine the US without Uber. It's a bit like that.
Briefing: Didi Chuxing app slips 52 places to 61st in latest app store ranking · TechNode
The ride-hailing app was ranked the 9th on Apple’s iOS app store in China on Aug 20th, but slipped to 61st in just 9 days.
China clamps down on transport sector after Didi passenger killing
China clamping down on transport sector after Didi passenger's murder
