Didi Freight News Today

Chinese authorities summon online cargo services firm, warn against operational irregularities-

BEIJING, Nov. 18 (Xinhua) -- China's transport authorities recently summoned on-demand delivery services provider Lalamove for talks over operational irregularities, and issued a warning to other industry players in an effort to safeguard the sector's sound development.

Five major domestic ride-hailing service providers, including Didi Chuxing, were summoned by market regulators of Central Chinas Henan Province on Wednesday over multiple business activities that are disrupting market order and fair competition.

Online marketplace JD.com announced on Friday that it will allocate more than 400 million yuan ($62 million) to increase welfare subsidies for more than 200,000 front-line employees who remain at work over the Spring Festival holidays, a move to show the internet firms are using their massive profits to advance “common prosperity” in China.

/PRNewswire/ -- On December 20, the Hurun Research Institute released its Global Unicorn Index 2021, a list of unlisted companies founded after 2000 that are...

Didi’s group-buying unit mulls raising $4b to boost growth plans REUTERS/Kim Kyung-Hoon Premium Chinese ride-hailing giant Didi Chuxing’s community business is considering raising $4 billion to boost its growth amid increasing demand for group-buying delivery services, according to people familiar with the matter. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@dealstreetasia.com. Sign up f...

Ride-hailing giant Didi Chuxing close to raising US$1.5 billion for on-demand trucking unit Didi Freight first launched its on-demand logistics service in Chengdu and Hangzhou in June and has since expanded to eight cities The service is taking on larger rivals including Full Truck Alliance and Huolala in an already crowded market