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Didi Chuxing

Chinese ride-hailing giant Didi reports record transaction value for June quarter

by Anas Siddiqui
Chinese ride-hailing giant Didi reports record transaction value for June quarter

Chinese ride-hailing giant Didi Global on Wednesday said that both order volume and transaction value reached record highs during the three months through June. Orders in both China and overseas …

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Chinese ride-hailing giant Didi Chuxing says it has no timetable for Hong Kong IPO

by Anas Siddiqui
Chinese ride-hailing giant Didi Chuxing says it has no timetable for Hong Kong IPO

Chinese ride-hailing giant Didi Chuxing, whose New York initial public offering (IPO) in 2021 triggered a cybersecurity investigation by mainland authorities that led to its delisting and a $1.2 billion …

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Chinese venture capitalist Allen Zhu steers clear of mainland tech firms’ AI large language model frenzy

by Anas Siddiqui
Chinese venture capitalist Allen Zhu steers clear of mainland tech firms’ AI large language model frenzy

“I believe in applications and those that can commercialise immediately,” said Zhu, who indicated that he did not invest in any LLM-focused company on the mainland last year. Sample code …

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Meituan, Didi Chuxing in the spotlight as China stresses rights of delivery, ride-hailing gig workers

by Anas Siddiqui
Meituan, Didi Chuxing in the spotlight as China stresses rights of delivery, ride-hailing gig workers

The Chinese government is ordering online platforms to better protect the rights of the country’s 200 million gig workers, including ride-hailing and food delivery drivers employed by the likes of …

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Alibaba reduces stake in GoGoX amid Hong Kong logistics services firm’s mounting losses, as it faces cutthroat competition on the mainland

by Anas Siddiqui
Alibaba reduces stake in GoGoX amid Hong Kong logistics services firm’s mounting losses, as it faces cutthroat competition on the mainland

Alibaba, which owns the South China Morning Post, has cut its GoGoX stake four times over the past two months, slashing its equity holding to 8.89 per cent as of …

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