Dida reverses into revenue contraction, falling profits
The carpooling services provider’s revenue began to decline in the second half of last year, as it cited changing ‘travel consumption trends’ Key Takeaways: Dida’s revenue fell 8.6% in the…
CHINA BULLETIN: Fiscal Revenue, Land Sales Fall in April
In this week’s issue we bring you British bears, a chatbot price war and the end of the road for Didi’s president. On a scale of 1 to 100, we…
Next stop for Geely-backed CaoCao: a Hong Kong IPO
The ride-sharing company has built partnerships with third-party platforms to mount a concerted challenge to the market leader, but the strategy carries risks Key Takeaways: CaoCao Inc.’s revenues have grown…
Clash of the Car-hailing Titans: Dida Seeks IPO Funds as Battle Looms
The Chinese rideshare platform has filed to list on the Hong Kong Stock Exchange for a third time, as rivalry in the shared transport business heats up again Key Takeaways:…
Didi Slapped With Hefty $1.2 Billion Fine. How Was the Amount Determined?
The Chinese government announced an enormous fine of $1.2 billion on Didi but did not explain the methodologies behind the calculation Key Takeaways: China’s cybersecurity regulator imposed a big fine…
With DiDi Reprieve, Is China Taking the Handbrake off the Tech Sector?
Chinese regulators are reportedly poised to end a year-long cybersecurity probe into DiDi Global, allowing the ride-hailing giant to restore its apps and register new users Key takeaways: Along with…
TuSimple Looks to Decouple From China. Others to Follow?
Autonomous truck technology company is reportedly looking to sell its China business for about $1 billion Key Takeaways: Autonomous truck company TuSimple is reportedly looking to spin off its China…
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