Didi's rivals in China are trying to eat away at the company's market share as it faces a crackdown from regulators.
Days after Didi's initial public offering earlier this month, regulators ordered app stores to remove the ride-hailing service from download.
Didi's rivals are trying to eat away at the company's market share as it faces a crackdown from regulators. Meituan re-launched a standalone ride-hailing app, T3 plans to launch in 15 cities and Cao Cao is offering hefty discounts to new users.A navigation map on the app of Chinese ride-hailing giant Didi is seen on a mobile phone in front of the app logo displayed in this illustration picture taken July 1, 2021.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Chinese tech stocks face other risks on top of tighter regulation, says portfolio managerChinese regulators have stepped up scrutiny on some of the country's largest tech firms, including e-commerce giant Alibaba and ride-hailing app Didi.
Weiterlesen »
Didi's IPO Gets Caught In China's Tech Crackdown - The Journal. - WSJ PodcastsAfter Didi launched a successful IPO in New York last month, Beijing took punitive action against the ride hailing giant. It also established new rules for Chinese companies that want to list overseas. WSJ's Patrick Barta explains what that means for future economic cooperation between the U.S. and China.
Weiterlesen »
Nationalist flame wars will singe China IncRegulatory pressure on Didi is being reinforced by angry Chinese nationalists. They’re deleting the ride-hailing app over accusations the company handed data to the U.S. government. In the past, patriots, often egged on by state media, focused on overseas brands. This latest case sets a dangerous precedent that will make them increasingly turn on their own.
Weiterlesen »
Zara’s Chinese rival threatens from the shadowsOnline fashion site Shein cranks out ultra-cheap designs at lightning speed. It discloses next to nothing about its operations and tried to scrub its Chinese origins off the internet. Its opacity is strategic, but competitors had best study its model.
Weiterlesen »
The Best Walt Disney World Attractions For Kids of All Ages According to Height RequirementsSee which attractions at Walt Disney World are best for your kids depending on height requirements!
Weiterlesen »