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Chinese ride hailing rivals look to take advantage of Didi's troubles


Chinese ride hailing rivals look to take advantage of Didi’s troubles
CNBC
11 hrs ago
Arjun Kharpal
Days after Didi s initial public offering (IPO) earlier this month, regulators ordered app stores to remove the ride-hailing service from download.
Didi s rivals are trying to eat away at the company s market share as it faces a crackdown from regulators.
Meituan re-launched a standalone ride-hailing app, T3 plans to launch in 15 cities and Cao Cao is offering hefty discounts to new users.
© Provided by CNBC
A navigation map on the app of Chinese ride-hailing giant Didi is seen on a mobile phone in front of the app logo displayed in this illustration picture taken July 1, 2021. ....

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China Called Finance Apps the Best Thing Since the Compass. No Longer.

China Called Finance Apps the Best Thing Since the Compass. No Longer.
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