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Didi Chuxing

Body found of woman who went missing after taking Didi ride in Mexico

Paola Banuelos’ death has reverberated in Mexico, where at least two women are killed in gender-related violence every day.

Paola Banuelos’ death has reverberated in Mexico, where at least two women are killed in gender-related violence every day

13 Jul 2024 - 11:04AM

Singapore-based ride-hailing service to enter Uber-dominated Hong Kong market

14 Jul 2024 - 4:35PM

In China’s Guangzhou, a web of factories gives rise to Shein

6 Jul 2024 - 12:00PM

Venture capital firm Matrix Partners rebrands China unit, after Sequoia, GGV

Matrix Partners China has become MPC, while its India unit is now Z47, reflecting similar moves by other firms to distance themselves from foreign investments.

2 Jul 2024 - 9:30AMvideocam

A Li L6 by Li Auto displayed at its booth during the Beijing International Automotive Exhibition on April 25, 2024. Matrix Partners China, which has invested in Li Auto and many of China’s other biggest start-ups, announced over the weekend that it is changing its name to MPC. Photo: Reuters

China’s Didi Chuxing says it has no timetable for Hong Kong IPO

Didi had originally planned for a Hong Kong listing this year, according to a source.

18 Jun 2024 - 8:35PM

Hong Kong cabbies losing to Uber? ‘If you can’t beat them, join them’: experts

Lawmaker Michael Tien urges cabbies to consider signing up to Uber Taxi service, says some earn HK$10,000 a month extra.

23 May 2024 - 9:39AM

Chinese cities warn of too many drivers in ride-hailing market

Municipal governments across China are trying to dissuade their unemployed citizens from becoming ride-hailing drivers, even though the low barrier to entry is appealing amid a weak job market.

22 May 2024 - 7:00AM

The Didi ride-hailing app on a smartphone arranged in Shanghai, China, June 27, 2022. Photo: Bloomberg

Uber not the only challenge for Hong Kong cabbies, as rivals also in market

Mainland ride-hailing giant Didi Chuxing has offered driving services in Hong Kong since 2018 alongside Uber and Amap entered market in March.

22 May 2024 - 10:44PM

Opinion | What kind of hi-tech tourism hub has taxis that can’t take card payments?

Most taxis in Hong Kong can still only take cash while popular apps like Uber are harassed by the government. And that’s not a good look for a city with hi-tech ambitions aiming to attract big-spending international travellers.

19 May 2024 - 3:30PM

Expatriate Chinese entrepreneurs find a new gold rush destination in Mexico

Seeking economic opportunity, Chinese merchants build bustling wholesale markets, sell Made in China goods and deal with occasional resistance from Mexican vendors.

3 Jun 2024 - 4:05PM

Opinion | How I learned to stop worrying and embrace going cashless in China

The widespread use of mobile payment systems on the mainland is a convenient alternative to cash for workers, customers and entrepreneurs History may be repeating itself as China makes significant steps in digital currency and e-payment roll-outs before Western countries.

20 Mar 2024 - 5:30PM

A customer buys produce using a WeChat QR payment code with her smartphone next to an Alipay QR code in Beijing on November 3, 2020. Photo: AFP

Xpeng eyes slice of mass-market segment with launch of cheaper models

The global automotive industry is making a “strategic transformation” towards electrification, said Gou Ping, vice-chairman of the State-owned Assets Supervision and Administration Commission.

17 Mar 2024 - 8:48PM

Meituan, Didi in the spotlight as China stresses gig workers rights

Platforms should send app notifications to remind workers to take a break if they have been working longer than the hours agreed, according to new government guidelines.

26 Feb 2024 - 7:12PM

Chinese EV battery giant CATL to share swapping tech with Didi in joint venture

The companies will work together to build out battery-swapping stations, which have been growing more rapidly than fixed charging in China.

28 Jan 2024 - 6:00PMvideocam

A battery-swapping station from Chinese electric vehicle maker Nio, the market leader in building such facilities. Photo: Handout

Letters | Singapore regulates ride-hailing services. What’s stopping Hong Kong?

Readers discuss the regulatory quagmire facing ride-railing operators in Hong Kong, and the need to review taxi driver performance.

19 Jan 2024 - 2:30PM

Alibaba cuts stake in loss-making logistics services firm GoGoX

Alibaba has cut its GoGoX stake four times over the past two months, as the Hong Kong logistics services firm faces cutthroat competition and regulatory pressure in the mainland’s intracity delivery courier market.

4 Jan 2024 - 11:46PM

Fashion retailer Shein leads the pack of Chinese tech IPOs to watch in 2024

A handful of Chinese technology start-ups are poised to go public during 2024 or early 2025, with most of these firms looking to make their trading debut in Hong Kong.

24 Dec 2023 - 11:00AM

Ride-hailing giant Didi blames ‘underlying software failure’ for service breakdown

China’s largest ride-hailing service said it will carry out ‘in-depth technical risk identification and upgrade work’ to fully ensure service stability.

30 Nov 2023 - 3:32PM

Didi says it will carry out ‘in-depth technical risk identification and upgrade work’ to fully ensure service stability. Photo: Bloomberg

Ride-hailing giant Didi apologises for widespread service outage

The disruptions affected some of the app’s 400 million users, as well as drivers across China, including in Beijing, Shanghai and Guangzhou.

28 Nov 2023 - 4:00PM

China-founded e-commerce fashion start-up Shein files for US IPO

Valued at more than US$60 billion, Shein is expected to become the most valuable China-founded company to go public in the US since Didi Global’s debut in 2021 at a US$68-billion valuation.

28 Nov 2023 - 1:56PM

China’s Didi returns to profit for the first time since ill-fated IPO

The company has also announced a plan to buy back up to US$1 billion of its shares amid reports of a planned Hong Kong listing.

13 Nov 2023 - 11:54PM

The Didi offices in Hangzhou, China. Photo: Bloomberg

WeWork saga cost SoftBank’s Masayoshi Son US$11.5 billion and his credibility

Once valued at US$47 billion, WeWork’s plunge into bankruptcy damaged the professional reputation of SoftBank’s Masayoshi Son far beyond the US$11.5 billion he lost in the co-working office space start-up.

8 Nov 2023 - 3:35PMvideocam

SoftBank Group Corp CEO Masayoshi Son attends a news conference in Tokyo in November 2018, in front of a screen showing the company's portfolio of start-ups. Photo: Reuters

Update | Going to Shenzhen? A guide to visas, the apps you need and cashless payment

How do you get a visa to Shenzhen? How do you pay for everything without cash? Everything you need to know, download and use before, during and after entering the Chinese city from Hong Kong.

15 Dec 2023 - 10:52AM

Opinion | China’s relaxed data rules show pragmatism towards business community

Allowing the resumption of cross-border data transfers in day-to-day business shows pragmatism can still prevail in Chinese policymaking.

17 Oct 2023 - 10:19AMvideocam

Chinese ride-hailing giant Didi expands second-quarter revenue on strong demand

Didi posted a 52.6 per cent year-on-year jump in second-quarter revenue to US$6.6 billion on the back of strong demand at both its core mainland China and international operations.

11 Sep 2023 - 8:14PM

Didi Global’s international operations are primarily focused on major markets Brazil and Mexico. Photo: Shutterstock

Chinese ride-hailing firm Didi Global sells its EV unit to Xpeng

The US$744 million deal enables Xpeng to take advantage of Didi’s business platforms for promotion while helping Didi dodge the cutthroat EV market, an analyst says.

28 Aug 2023 - 4:30PM

China’s gig workers face lower pay, longer hours as Beijing praises Big Tech

The slowing economy has resulted in a flood of new gig workers who have been reduced to working longer to get fewer orders than they saw during the pandemic.

5 Aug 2023 - 10:00AMvideocam

Explainer | A timeline of China’s Big Tech crackdown that killed the world’s largest IPO

Since Beijing quashed Ant Group’s IPO in November 2020, a Big Tech crackdown spanning more than two years has left no big industry player unscathed.

15 Jul 2023 - 8:00AMvideocam

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Didi Chuxing

DiDi operates the dominant ride-hailing app in China and operates elsewhere in Asia-Pacific as well as in Latin America and other regions. It offers other mobility-related services including taxi-hailing, chauffeur-rental, carpooling, bike-sharing as well as food and freight delivery. The company conducted an IPO on the New York Stock Exchange in 2021 amid concerns over national security by the government, which was followed by an order by Chinese regulators for its apps to be removed from app stores in China. In early 2023, the apps returned to app stores after the company delisted itself from the NYSE the previous year.