China’s Didi Global Inc said on Monday drivers in several Chinese cities will be able to know details on how Didi pays them, the first big move by the ride-hailing giant after it was criticised by state media that it pays drivers unfairly. In a post on Weibo, Didi said drivers in seven Chinese cities will be the first to know… Continue reading Chinese ride-hailer Didi says will be more transparent on driver income after criticism
Tag: Didi
ChinaDidi denies management changes amid cybersecurity probe6:41 AM UTC
BEIJING, Aug 12 (Reuters) – China’s ride-hailing giant Didi Global Inc (DIDI.N) said on Thursday that rumours about a possible management change are not true. “Didi is actively and fully cooperating with regulators’ cybersecurity probe, market rumours about management change at the company is not true,” Didi said in a Weibo post. The statement followed… Continue reading ChinaDidi denies management changes amid cybersecurity probe6:41 AM UTC
Change Suite · 4:08 AM UTCChinese tech firms ‘self-correct’ to get ahead of potential regulatory furyFretting about unprecedented regulatory heat for …
BEIJING, Aug 11 (Reuters) – Fretting about unprecedented regulatory heat for China’s tech sector, some companies are no longer waiting for any official reprimands that may or may not be forthcoming. Instead, eager to pre-empt authorities, they’ve decided to ‘self-correct’, imposing restrictions on or even walking away from their own businesses. KE Holdings (BEKE.N), China’s… Continue reading Change Suite · 4:08 AM UTCChinese tech firms ‘self-correct’ to get ahead of potential regulatory furyFretting about unprecedented regulatory heat for …
Ride-hailing service Didi mulls giving up data control to appease China
Chinese ride-hailing firm Didi Global Inc is in talks with state-owned information security firm Westone to handle its data management and monitoring activities, sources said, as part of its efforts to placate domestic regulators. The largest Chinese ride-hailing group became the target of an investigation by regulators in the country just days after it raised… Continue reading Ride-hailing service Didi mulls giving up data control to appease China
Uber shares fall despite revenue beat as its core operations continue to lose money
The company reaffirmed Q4 adjusted profit target, swung to positive net income thanks to investments Alex Wilhelm Kirsten Korosec 8 hours Today after the bell U.S. ride-hailing giant Uber reported its second-quarter financial results. The company’s numbers come a day after its domestic rival, Lyft, shared its own Q2 earnings. Notably while Lyft managed to… Continue reading Uber shares fall despite revenue beat as its core operations continue to lose money
Chinese EV maker Li Auto launches $1.9bn Hong Kong listing drive
HONG KONG — Chinese electric vehicle maker Li Auto is seeking to raise $1.9 billion through a listing on the Hong Kong Stock Exchange that will give it greater security amid rising capital market tensions between Washington and Beijing. Li Auto went public only a year ago on the Nasdaq Stock Market, raising $1.1 billion.… Continue reading Chinese EV maker Li Auto launches $1.9bn Hong Kong listing drive
German Manager Magazin: Michael Lohscheller: Ex-Opel boss moves to conglomerate Vingroup in Vietnam001002
The former boss of the traditional German brand Opel, Michael Lohscheller (52), is drawn to Vietnam. In the private conglomerate Vingroup, he is to head the Vinfast Global auto division, announced the company on Tuesday. Lohscheller is said to be the Vietnamese markets, USA, Canada, France, Germany and the Netherlands and initially expand business in… Continue reading German Manager Magazin: Michael Lohscheller: Ex-Opel boss moves to conglomerate Vingroup in Vietnam001002
Didi denies plans to delist on US exchange to placate Chinese authorities
Didi denied an earlier Wall Street Journal report claiming that the ride-hailing firm was considering going private, according to Reuters. Go to Source
Uber slides 4% on report SoftBank will shed a third of its stake in the ride-hailing app
Photo by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images Uber’s stock fell 4% on Thursday after CNBC reported SoftBank is offloading a large stake in the firm. The latest share sale could take SoftBank’s holdings in Uber to less than 100 million shares. Reports say the decision is unrelated to SoftBank’s $4 billion loss from its… Continue reading Uber slides 4% on report SoftBank will shed a third of its stake in the ride-hailing app
Autos & TransportationDidi Global denies media report it plans to go private after $4.4 bln New York IPO12:17 PM UTC
The logo for Chinese ride-hailing company Didi Global Inc is pictured during the IPO on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. REUTERS/Brendan McDermid/File Photo July 29 (Reuters) – Ride-hailing company Didi Global (DIDI.N) on Thursday denied a media report that the company was considering going private… Continue reading Autos & TransportationDidi Global denies media report it plans to go private after $4.4 bln New York IPO12:17 PM UTC