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Chinese ride-hailing giant Didi pauses plan to enter UK and European markets

Chinese ride-hailing giant Didi has halted plans to launch in the UK and continental Europe. The Uber rival had been planning to roll out services in Western Europe, including major British cities. Didi is in consultation with the team working on the project on reassigning new roles or potential redundancies. The move comes as Chinese […]

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Business World

Didi Chuxing: The rise, fall and uncertainty of China’s ride hailing company

Just when things seemed to be going well for ride-hailing company Didi, the Chinese government began its crackdown plummeting its valuation. The world’s largest incorporation from China, Didi Chuxing provides ride hailing services. It formed in 2015 when Didi Dache and Kuaidi Dache merged. It was recently listed in the New York Stock Exchange for […]