China urged platform companies to protect the rights of gig workers, according to a joint statement issued the human resources ministry and other ministries on Tuesday, after a meeting between regulators and the companies last Friday. The 11 companies that took part included take-out delivery platforms Meituan, ele.me and ride-hailing firm Didi Global, the Ministry of… Continue reading China urges platform companies to protect rights of gig workers
Tag: Didi
Ride Sharing Market to Reach USD 126760 Million by 2028 at a CAGR of 19.8% | Valuates Reports
BANGALORE, India, Sept. 13, 2022 /PRNewswire/ — The Ride Sharing Market is Segmented by Type (PC Terminal, Mobile Terminal), by Application (Age 18-24, Age 25-34, Age 35-44, Age 45-54, Age 55-64): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Travel Category. The global Ride Sharing market size is projected to reach… Continue reading Ride Sharing Market to Reach USD 126760 Million by 2028 at a CAGR of 19.8% | Valuates Reports
AMPLY Power rebrands as bp pulse, sets sights on global expansion
AMPLY Power, the electric vehicle (EV) fleet charging and energy management solutions provider acquired by bp in 2021, will now operate under the name bp pulse. Under bp’s global electrification brand, AMPLY’s innovative products and services will expand to new regions globally. The rebranding introduces bp pulse to the US and wider Americas, following a… Continue reading AMPLY Power rebrands as bp pulse, sets sights on global expansion
China’s cyber agency tries to mitigate concerns of internet firmsWhile regulators have not announced new rules this year at the pace they did last yea…
China’s cyberspace watchdog wants to build an “affectionate” relationship between internet enterprises and the government, a senior official said, the latest verbal assurance to an industry still on edge after a long and bruising regulatory crackdown. Niu Yibing, vice minister of the Cyberspace Administration of China (CAC), told a news conference on Friday the agency was supportive… Continue reading China’s cyber agency tries to mitigate concerns of internet firmsWhile regulators have not announced new rules this year at the pace they did last yea…
Alibaba, JinkoSolar hold onto investor favour after China stock selloff
Global institutional investors last quarter scaled down their holdings of some U.S.-listed Chinese stocks at risk of delisting from the U.S., but several companies such as e-commerce giant Alibaba Group Holding Ltd. and solar panel manufacturer JinkoSolar Holding Co. Ltd. remained in favor with some investors. Major investors including BlackRock Inc. and Morgan Stanley sold… Continue reading Alibaba, JinkoSolar hold onto investor favour after China stock selloff
Tencent plans to sell all or bulk of Meituan stake worth $24b
China’s Tencent Holdings plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan to placate domestic regulators and monetise an eight-year-old investment, four sources with knowledge of the matter said. Tencent, which owns 17% of Meituan, has been engaging with financial advisers in recent months to work out… Continue reading Tencent plans to sell all or bulk of Meituan stake worth $24b
Chinese ride-hailing service Xiangdao Chuxing raises $148m, eyes IPO
Xiangdao Chuxing, the ride-hailing service backed by China’s largest carmaker, completed a 1 billion yuan ($148 million) fundraising that brings in an autonomous driving startup as new investor, the company said Monday. The latest funding round valued SAIC Motor Corp.-affiliated Xiangdao at $1 billion. Largest shareholder SAIC Motor, self-driving company Momenta and Gaohang (Tianjin) Management… Continue reading Chinese ride-hailing service Xiangdao Chuxing raises $148m, eyes IPO
Now Elon Musk Is Telling China’s Censors About His Vision for the Future
(Bloomberg) — Tesla Inc.’s Elon Musk contributed a column to the official publication of the Cyberspace Administration of China, the powerful agency that oversees data security for companies from Alibaba to Tencent and works with other government entities to censor online content. The billionaire laid out a familiar vision for how technology can ensure humanity’s… Continue reading Now Elon Musk Is Telling China’s Censors About His Vision for the Future
Slashing Alibaba stake is a sign that SoftBank’s Son has cooled on China techSoftBank’s other Chinese bets include Full Truck Alliance and JD Logistic…
SoftBank Group Corp‘s decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be aimed at bolstering its finances, but it also underlines how CEO Masayoshi Son has cooled on China tech. Son was formerly one of the sector’s biggest cheerleaders and Alibaba is his most famous bet, immensely profitable and for his… Continue reading Slashing Alibaba stake is a sign that SoftBank’s Son has cooled on China techSoftBank’s other Chinese bets include Full Truck Alliance and JD Logistic…
With Alibaba stake sale, SoftBank’s Son cools towards China techSon was formerly one of the sector’s biggest cheerleaders
SoftBank Group Corp’s decision to sell down its Alibaba Group Holding stake for a $34-billion gain may be aimed at shoring up cash reserves, but it also underlines how CEO Masayoshi Son has cooled on China tech. Son was formerly one of the sector’s biggest cheerleaders and Alibaba is his most famous bet, immensely profitable and for his fans, symbolic of his foresight and investing acumen. Amid… Continue reading With Alibaba stake sale, SoftBank’s Son cools towards China techSon was formerly one of the sector’s biggest cheerleaders