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The company, launched in Beijing in 2012 and backed by prominent investors including Alibaba, Tencent and SoftBank Group, ran afoul of regulators at the powerful Cyberspace Administration of China when it pressed ahead in 2021 with a U.S. stock listing against the regulator's wishes, sources have told Reuters. It was delisted from the New York Stock Exchange last year.
The global ride sharing market is likely to grow at a robust CAGR of 15.9% from 2023 to 2032. Key drivers fueling market expansion encompass positive...
HONG KONG (Reuters) -- Chinese electric car company Xpeng said it will acquire ride-hailing giant Didi's smart electric vehicle (EV) unit in a deal wo
The China Consumers Association (CCA) on Monday said that it will carry out supervision on online car-hailing aggregation platforms, which will be a complementary measure to the regulated management of the platforms conducted by five government ministries which was released in April.
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