China’s ride hailing giant Didi Global Inc said on Saturday that media reports that the Beijing city government is coordinating companies to invest in it are not correct. “Didi is currently actively and fully cooperating with cybersecurity probe, foreign media reports that Beijing city government is coordinating companies to invest in it are incorrect,” it said on Weibo. Bloomberg News reported on Friday, citing unidentified people familiar with the matter, that China’s capital city was considering taking Didi under state control and… Continue reading Didi denies reports that Beijing city is coordinating firms to invest in it
Tag: Didi
If You Shorted Alibaba, Nio, Wish, New Oriental And TAL Education In June, Here’s How Much You’d Have Now
Long investors who own Chinese e-commerce, tech and education stock in their portfolios have had their guts checked, hearts ripped out and their peace of mind called into question time and time again in 2021. For the uninitiated, share prices of several Chinese companies have suffered marked weakness in 2021 caused by regulatory concerns and… Continue reading If You Shorted Alibaba, Nio, Wish, New Oriental And TAL Education In June, Here’s How Much You’d Have Now
Beijing city looks to bring ride-hailing firm Didi under state control: Report
Beijing city is considering taking Didi Global under state control and has proposed that government-run firms invest in the Chinese ride-hailing company, Bloomberg News reported. The central thrust of the Beijing city government’s proposal is to regain control over one of its largest corporations, and particularly the data it holds, Friday’s Bloomberg report said. Under the preliminary… Continue reading Beijing city looks to bring ride-hailing firm Didi under state control: Report
TechnologyTech workers bemoan China’s crackdown on compulsory overtime9:59 AM UTC
BEIJING, Sept 3 (Reuters) – The Chinese government’s campaign to improve conditions for workers has spurred companies, particularly some of its hardest-driving tech giants, to cut down on long hours of compulsory overtime but not all employees are happy about it. Some employees at TikTok-owner ByteDance were shocked to find their August paychecks slashed 17%… Continue reading TechnologyTech workers bemoan China’s crackdown on compulsory overtime9:59 AM UTC
China · 8:58 AM UTCExplainer: How unions work in ChinaChinese tech giants Didi Global Inc and JD.com (9618.HK) have set up unions for their staff in l…
A man is seen under a Didi logo at the headquarters of Didi Chuxing in Beijing, China November 20, 2020. REUTERS/Florence Lo SHENZHEN, China, Sept 2 (Reuters) – Chinese tech giants Didi Global Inc (DIDI.N) and JD.com (9618.HK) have set up unions for their staff in landmark moves in the country’s tech sector where organised… Continue reading China · 8:58 AM UTCExplainer: How unions work in ChinaChinese tech giants Didi Global Inc and JD.com (9618.HK) have set up unions for their staff in l…
Chinese regulators raise concerns with ride-hailing companies
Chinese regulators summoned 11 ride–hailing firms including Didi Global Inc, Geely’s Caocao and Meituan’s ride–hailing unit to a meeting, the transport ministry said on Thursday, to discuss points of concern in the sector. At the meeting held on Wednesday, authorities highlighted the hiring of unqualified drivers and use of promotions that disrupt fair market order, the ministry said in a statement. Regulators urged ride–hailing companies… Continue reading Chinese regulators raise concerns with ride-hailing companies
Autos & TransportationChinese regulators raise concerns with ride-hailing firms4:37 AM UTC
BEIJING, Sept 2 (Reuters) – Chinese regulators summoned 11 ride-hailing firms including Didi Global Inc (DIDI.N), Geely’s (GEELY.UL) Caocao and Meituan’s (3690.HK) ride-hailing unit to a meeting, the transport ministry said on Thursday, to discuss points of concern in the sector. At the meeting held on Wednesday, authorities highlighted the hiring of unqualified drivers and… Continue reading Autos & TransportationChinese regulators raise concerns with ride-hailing firms4:37 AM UTC
Didi to set up workers’ union after China imposes rules to curb excessive work
The ride-hailing firm’s drivers – most of whom don’t have full employee benefits – will be invited to join the union, Bloomberg reported, citing sources. Go to Source
Didi, JD.com employees get unions in watershed moment for China’s tech sector
Chinese ride-hailing giant Didi Global Inc has set up a union for its staff while e-commerce powerhouse JD.com has also established one – landmark moves in the country’s tech sector where organised labour is extremely rare. Regulators in China have come down hard on its biggest technology firms this year, criticising them for policies that exploit workers and infringe on consumer rights in addition to… Continue reading Didi, JD.com employees get unions in watershed moment for China’s tech sector
Technology · 8:39 AM UTCDidi workers to get union in groundbreaking move for China’s tech sectorChinese ride-hailing giant Didi Global Inc will help s…
SHANGHAI/BEIJING, Sept 1 (Reuters) – Chinese ride-hailing giant Didi Global Inc (DIDI.N) will help set up a union for its staff, two people familiar with the plan said, a landmark move in the country’s tech sector where unions are extremely rare. The move comes amid a harsh regulatory crackdown on China’s biggest technology firms that… Continue reading Technology · 8:39 AM UTCDidi workers to get union in groundbreaking move for China’s tech sectorChinese ride-hailing giant Didi Global Inc will help s…