Tag: Didi Chuxing

FINTS Morning Brief (27 September 2016)

Sources said that China’s securities regulator had removed the restrictions of “stocks accounting for at least 50% of QFII’s asset allocation in China”: The Paper China establishes a 350-billion-yuan national fund for structural adjustment of…


FINTS MORNING BRIEF (23 August 2016)

China is slated to invest roughly 1.6 trillion yuan to rejuvenate the northeast China: FINTS China Southern Airlines, the country’s largest carrier by passenger traffic, will launch more routes linking south China with Asia and…


Car-hailing market ushers large changes for different companies

Following Didi Chuxing’s announcement on its merger with Uber’s China operations (See Article: Didi Chuxing acquires Uber China in $35 billion deal) and the new nationwide regulations concerning ride-hailing services being released (See Article: China…


Didi Chuxing acquires Uber China in $35 billion deal

Ride-hailing app Didi Chuxing said on August 1 to buy Uber’s China operations at a deal valued at $35 billion, putting an end to recent wars between the two. Specifically, the deal will give Uber…


CHINA GIVES NOD TO LEGAL STATUS OF RIDE-HAILING INDUSTRY

China released new nationwide regulations concerning ride-hailing services on Jul 28, permitting private vehicles to pick up passengers as part of services offered by car-hailing platforms. The regulations will officially take effect starting Nov 1,…


DIDI CHUXING PROVIDES WORK OPPORTUNITIES FOR CHINA REEMPLOYMENT

Car-hailing company Didi Chuxing says that it has offered more than two million jobs to laid-off workers, workers exposed to unemployment risk, the unemployed, and ex-soldiers in 17 heavy-industry provinces, according to a research conducted…


UCAR TO BECOME THE FIRST CAR-HAILING APP LISTED ON NEW THIRD BOARD

Ucar Inc, a ride-hailing app launched by Hong Kong-listed China Auto Rental, is ready to become the first of its kind to be listed on China’s NASDAQ-like New Third Board. The New Third Board, formally…


Uber reportedly gains profit in all developed markets

Travis Kalanick, co-founder and CEO of Uber, recently said that Uber is now profiting in all its developed markets including North America, Australia, Europe and the Middle East, accounting for “all general and administrative costs”…


Didi Chuxing wins $600 million strategic investment from China Life Insurance

Didi Chuxing, China’s leading online car-hailing service provider, announced on Jun 13 that it has received about $600 million investment from China Life Insurance, the nation’s largest state-owned commercial insurer. The latest investment by China’s…