Jump to content

DiDi

From Wikipedia, the free encyclopedia
(Redirected from Didi (company))
This article is about the Chinese technology conglomerate. For other uses, see Didi (disambiguation).

DiDi
FormerlyDidi Kuaidi
(Feb 2015 – Sept 2015)
Didi Dache, Kuaidi Dache
(pre-Feb 2015)
Company typePublic
OTC Pink Current: DIDIY
IndustryTransportation
FoundedJune 2012 (June 2012)
FoundersCheng Wei
Headquarters
Beijing
,
China
Area served
Key people
Cheng Wei (Chairman & CEO)
Liu Qing (President)[4]
Services
RevenueIncrease US$21.633 billion (fiscal year ended 31 December 2020)[5]
Decrease –US$2.105 billion (fiscal year ended 31 December 2020)[5]
Decrease –US$1.619 billion (fiscal year ended 31 December 2020)[5]
Total assetsIncrease US$22.477 billion (fiscal year ended 31 December 2020)[5]
Total equityDecrease –US$11.620 billion (fiscal year ended 31 December 2020)[5]
Owner
Number of employees
15,914 (2020)[6]
ParentXiaoju Kuaizhi Inc.
Websiteweb.didiglobal.com
DiDi
Chinese滴滴出行
Transcriptions
Standard Mandarin
Hanyu PinyinDīdī Chūxíng
Former name
Chinese滴滴快的
Transcriptions
Standard Mandarin
Hanyu PinyinDīdī Kuàidī

Didi Chuxing Technology Company[7] is a Chinese vehicle for hire company headquartered in Beijing with over 550 million users and tens of millions of drivers.[8][9][10][4] The company provides app-based transportation services, including taxi hailing, private car hailing, social ride-sharing, and bike sharing; on-demand delivery services; and automobile services, including sales, leasing, financing, maintenance, fleet operation, electric vehicle charging, and co-development of vehicles with automakers.[11][12][13] The company is a subsidiary of Xiaoju Kuaizhi Inc.[14]

History

[edit]

2012–2014: founding of Didi Dache

[edit]

In June 2012, following eight years working in Alibaba's sales and Alipay divisions, Cheng Wei founded Didi Dache (嘀嘀打车), a taxi-hailing app, through Beijing Xiaoju Keji Co. (小桔科技; Xiaoju 小桔 meaning "little orange").[15] 嘀嘀打车 then changed to 滴滴打车. "滴滴" means "beep beep" in Mandarin (like a car's horn).

The application was the initial incarnation of Didi Chuxing's ride-hailing service, and consisted of an app for consumers to request taxis and other rideshare services for immediate pick up.[16] Beijing Xiaoju Keji Co. developed the app.[17][18][19] In November 2012, Tencent invested $15 million in the company.[20]

2015: merger of Didi Dache and Kuaidi Dache

[edit]

A study in December 2013 by Analysis International, estimated that at the time Didi Dache (backed by Chinese Internet giant Tencent Holdings Limited) held approximately 55% of the smartphone-based taxi-hailing market in China (about 150 million Chinese were estimated to use their smartphones to hail taxis). According to the same study, Kuaidi Dache (快的打车; meaning "Fast Taxi"), backed by Alibaba Group, held most of the remaining market share. Aggressive fundraising by the two companies resulted in Didi Dache and Kuaidi Dache raising US$700 million and US$600 million from private investors, respectively, to sustain their growth in the world's largest transport market. In February 2015 the companies merged to form Didi Kuaidi.[21]

In May 2015, Didi Kuaidi spent aggressively to compete with other startups including Yidao Yongche (易到用车) and Uber (of which Baidu was an investor).[22] The company also added other features to complement its basic taxi-calling function such as new premium vehicle services, functions for carpool and designated driver transportation modes and enhanced accessibility functions for passengers with disabilities. In July 2015, Didi Kuaidi completed a US$2 billion fundraising round, bringing the company's cash reserves to over US$3.5 billion; the same month, Didi Kuaidi was reported to get 80.2% market share in car hire services.[21]

Didi Kuaidi's existing stakeholders, including Alibaba, Tencent, Temasek Holdings (Private) Ltd and Coatue Management, participated in the round, alongside new investors including, Capital International Private Equity Fund and Ping An Ventures, part of Ping An Insurance Group Co of China Ltd.[23] The July 2015 fundraise is ranked as the world's largest single fundraising round by any private company, as well as the largest fundraising round for a Chinese mobile internet company at that time.[citation needed]

By September 2015, Didi Kuaidi had obtained 80% market share in private car hailing services and 99% of the taxis market share.[24] The same month, Didi Kuaidi announced the launch of a rebrand process, including a plan to rename itself "Didi Chuxing".[25] Following the rebrand, in December 2015, taxi drivers concerned with the potential risk of ride-hailing applications cutting into their business protested against Didi Dache and Kuaidi Dache, forcing both companies to close their offices in the city of Luoyang.[26]

2016: acquisition of Uber China

[edit]

By the beginning of 2016, Uber China, which started its Chinese operations in 2015, had become a major competitor to Didi Kuaidi.[27] Uber's then-CEO, Travis Kalanick, claimed the company was losing over US$1 billion annually in China.[28]

DiDi closed a US$4.5 billion fundraising round in June 2016, with investors including Apple Inc.,[29][30][31] China Life Insurance Co., and a financial affiliate of Alibaba Group Holding Ltd. As part of the round, DiDi secured a $2.5 billion syndicated loan arranged by China Merchants Bank Co. This equity share fundraising round is one of the world's largest by any private company, surpassing the previous record set by DiDi.[32]

On 1 August 2016, DiDi announced that it would acquire Uber China in an acquisition valuing Uber China at US$35 billion. As part of the deal, Uber acquired 5.89% of the combined Chinese company with preferred equity interest which at the time equated to a 17.7% economic interest in DiDi. The transaction also provided DiDi with a minority equity interest in Uber.[33][34][35]

In April 2019, Uber released a public version of its S-1 filing ahead of its planned initial public offering.[36][37] As part of the filing, Uber revealed that at the time of filing, the company owned a 15.4% stake in DiDi.[38] Uber's stake in the company was diluted (from 17.7% in 2016 to the 2019 stake) as a result of new investments from additional investors since 2016.[39][40]

2017–2020: business expansion, crisis and safety system enhancement

[edit]

In March 2017, The Wall Street Journal reported that SoftBank Group Corporation approached DiDi with an offer to invest $6 billion in the company to fund the ride-hailing firm's expansion in self-driving car technologies, with a significant portion of the money to come from SoftBank's then-planned $100 billion Vision Fund.[41]

On 28 April 2017, DiDi announced it closed a new financing round of over US$5.5 billion to support its global expansion strategy and continued investments in AI-based technologies. The round valued the company at US$50 billion.[42]

In December 2017, Reuters reported that DiDi had raised $4 billion for a global push into foreign markets and investments into technologies such as Artificial Intelligence.[43][44]

In May 2018 the company received a wave of negative media coverage when a female passenger on the company's Hitch social carpooling service was murdered by her driver.[45][46][47][48] In August of the same year, a second female passenger was raped and killed by her driver using the same Hitch service on the DiDi platform. Following these incidents, DiDi suspended its Hitch services in August 2018, and began to reform its platform with improved safety standards.[49][50][10] In September 2018, Didi announced an investment of $20 million in customer service,[51] The app's safety updates included an evolving set of safety precautions and in-app functions, including the formation of an in-app safety center, en-route audio recording, police assistance button and blocking function to restrict service from certain drivers and passengers. The company also invested $20 million in its customer service offerings and increased its in-house customer service team to 8,000 staff.[citation needed] As part of the update, DiDi created an online discussion platform to facilitate online and offline national public opinion surveys in China. Media reported that in 2018, DiDi recorded losses of up to $1.61 billion owing to heavy spend on training and recruitment of qualified and skilled drivers.[51][52]

In 2018, the company launched its "Red Flag Steering Wheel" program in which verified Chinese Communist Party (CCP) members would be visible as drivers.[53] The company also pledged to hire 1,000 CCP members as part of its safety drive.[54][55]

Since late 2020, DiDi cooperates with BYD and developed the BYD D1 for ride-hailing services.[56]

Following the launch of the BYD D1, in April 2021, DiDi officially started its own car-building plan, code-named "Da Vinci". The headquarters of the car building team is located in Shunyi District, Beijing and has recruited 1,700 employees, covering R&D, senior algorithm engineer, autonomous driving development team and so on.[57]

2021–present: initial public offering and regulatory scrutiny

[edit]

On 10 June 2021, DiDi filed to go public on the New York Stock Exchange hoping to raise $10 billion, making it the second largest Chinese share offering in the US since Alibaba.[58] On 16 June, it was reported that the State Administration for Market Regulation (SAMR) launched an investigation into DiDi around pricing and competitive practices.[59] On 30 June the company went public on the NYSE under the stock ticker "DIDI", raising $4.4 billion on a valuation of close to $70 billion US dollars.[60] It did so against Chinese government guidance.[61]: 94  The Cyberspace Administration of China (CAC) had sought to persuade DiDi to postpone its IPO filing in order to allow time for a more thorough cybersecurity review.[62]: 147 

On 4 July 2021, the CAC ordered app stores to remove DiDi, citing violations around the company's collection and usage of personal information.[63] According to Chinese regulators, the company had delivered sensitive data to the United States Securities and Exchange Commission.[61]: 94  The CAC cited the National Security Law, the 2017 Cybersecurity Law, and Measures on Cybersecurity Review as the basis for its approach.[62]: 147 

The cybersecurity investigation of DiDi coincided with nationalistic public sentiment against the company.[62]: 148  Chinese netizens frequently asserted that the company had turned over sensitive data to United States authorities during the IPO and described the company as a "traitor" and "walking dog" of the United States.[62]: 148 

Chinese authorities ordered all app stores in China to remove 25 apps owned and operated by DiDi, including Didi Chuxing Enterprise Edition, Uber China, and D-Chat.[64] Chinese regulators also fined DiDi, along with other Chinese tech firms such as Alibaba and Tencent, for alleged violations of the Anti-Monopoly Law.[65] The fines were for 500,000 yuan ($77,174) per violation —the maximum amount for such violations.[66]

Due to the uncertainty surrounding DiDi and other Chinese companies listed in the US, the U.S. Securities and Exchange Commission temporarily halted all IPOs from Chinese companies in August 2021.[67] DiDi also revealed that it was under investigation by the SEC in regards to its IPO.[68][69]

In December 2021, DiDi announced that it planned to delist from New York and re-list on the Hong Kong Stock Exchange.[70][71] However, DiDi's plans to re-list on the Hong King Stock Exchange were halted in March 2022 after the CAC informed DiDi executives that they still failed to meet security regulations, and DiDi's shares fell 44% as a result.[72] [73]

DiDi formally de-listed from the NYSE on 13 June 2022 and began trading over-the-counter under the symbol "DIDIY".[74] DiDi was fined 8.026 billion yuan ($1.2 billion USD) by the CAC in July 2022 for breaking its cybersecurity laws.[75] DiDi CEO, Cheng Wei, and DiDi President, Jean Liu, were also fined $150,000 each for the violations.[76]

DiDi finally won approval to restart new user registration in China in January 2023 in a move seen as a softening of China's crackdown on its tech companies.[77][78][79]

In August 2023, it was announced DiDi had agreed to sell its autonomous driving technology unit to the Guangzhou-headquartered electric vehicle manufacturer, Xpeng, in exchange for $744 million worth of shares.[80]

On 19 May 2024, Jean Liu, co-founder of DiDi, stepped down from her roles as president and board director after a decade at the helm of the company. Liu has announced she will continue as "permanent partner" and chief people officer, focusing on the company's long-term development, including talent and corporate social responsibility, while DiDi, which had faced significant regulatory scrutiny, will no longer have a president position.[81]

Services

[edit]

DiDi serves 550 million users across over 400 cities. A total of 7.43 billion rides were completed on DiDi's platform in 2017.[82] Some of DiDi's services include:

DiDi Taxi: Launched in September 2012, the service provides intelligent request-dispatching system for taxi companies. DiDi currently partners with more than 500 taxi companies in China, Japan and Brazil.[83]

DiDi Express: Launched in May 2015, the service matches riders traveling in the same direction with an available shared car. DiDi ExpressPool carries over 2.4 million daily rides in 2018.[84]

DiDi Premier: Launched in April 2014 and rebranded in 2018, the service includes a 24/7 customer service hotline in Chinese and English and services, including vehicles equipped with child seats, adapted vehicles for riders with disabilities, and arrangements for guide dogs.[85]

Designated Driving: Launched in July 2015, the service lets customers who own a vehicle request a chauffeur to drive them. In 2015, the service operated in about 200 cities.[86]

Enterprise Solution: The service offers business travel services to about 170,000 corporate clients.[87]

DiDi Bus: Launched initially in Beijing and Shenzhen in 2015, the platform offers a real-time minibus pooling service (U+ Bus), customized bus services (Youdian Bus), data-based intelligent bus dispatching service and real-time bus service inquiry service. In 2018, DiDi launched an intermodal transportation recommendation function allowing users to search and book public transportation, online car-hailing and bike-sharing services in a single smartphone screen.[88]

DiDi Luxe: Launched in May 2017, the service offers chauffeurs and mid-to-high end cars.[89]

Bike-Sharing: In April 2017, DiDi added bike-sharing services to its app. On 17 January 2018, DiDi launched its own bike-sharing platform, which integrates companies like Ofo, Bluegogo and DiDi-branded bikes and e-bikes.[90][91][92]

Xiaoju Automobile Solutions: Incubated in 2015 and put in trial operation in April 2018, Xiaoju provides various auto-related services, including leasing and trading, refueling and recharging, maintenance, repair and car-sharing services to DiDi drivers and independent car owners. In August 2018, DiDi announced a $1 billion investment into the platform. In January 2019, a Xiaoju Automobile Solutions app was launched.[93]

DiDi Financial Services: In January 2019, DiDi announced the launch of a new line of financial services, such as car insurance, personal loans and crowdfunded medical insurance, available through a separate "DiDi Finance" app.[94]

DiDi Food: Launched in April 2018, DiDi Foodie is DiDi's food delivery service,[95] available in Mexico, Brazil and China.[96]

DiDi English: In May 2017, DiDi released an English-language service in the Chinese mainland. The service offers English-language user interface and a real-time, in-app text message translation to facilitate rider-driver communication.[97]

Technology

[edit]

DiDi launched AI Labs in Beijing and in 2018 the company opened DiDi Labs in Mountain View, California. This facility mainly focuses on AI-based security and intelligent driving technologies.[98]

In April 2018, DiDi and the Beijing Capital International Airport Public Security Bureau Traffic Detachment jointly built a smart transportation innovation laboratory. Since 2018, the traffic lights at more than 30 intersections in the airport area have been optimized, and the delays in the airport area at night peaks have been reduced by about 20%. As of 2019, DiDi Smart Transportation projects have been deployed in more than 20 cities, including Jinan, Guiyang, Tianjin, and Shenzhen. These projects include traffic management systems, smart traffic lights, smart traffic screens, and reversible lanes.[99]

Globalization

[edit]

August 2016: acquired Uber China and obtained an equity interest in Uber.[100]

January 2017: made a strategic investment in 99(app), Brazil's largest local shared mobility provider. In its official announcement, DiDi noted its intention to provide strategic guidance and support to 99 in the areas of technology, product development, operations and business planning.[101]

March 2017: opened a research and development center called DiDi Labs in Mountain View, California, U.S.[102]

July 2017: co-led a new financing round of Grab.[103]

August 2017: formed a strategic partnership with Taxify,[104] a transportation network company operating in Europe and Africa. DiDi also formed a strategic partnership with Careem, a transportation network company operating in the Middle East and North Africa.[105]

January 2018: acquired 99 and now operates in Brazil under the 99 brand.[106]

February 2018: launched its new app in Hong Kong, which is an upgraded version of Kuaidi Taxi.[107] It was also announced that DiDi will, along with SoftBank Group, begin a venture in Japan.[3]

April 2018: started operation under its main name in Mexico.[1]

May 2018: started trial operation in Geelong, Australia.[108]

July 2018: DiDi and Tokyo-based SoftBank Corp. have set up a joint venture for taxi-hailing in Japan.[109]

September 2018: launched a taxi-hailing service in Osaka.[110]

November 2018: launched a research facility in Toronto, its second in North America.[111]

March 2019: launched ride-hailing services in Newcastle, Australia.[112]

April 2019: launched Taxi-Hailing Service in Tokyo and Kyoto.[113]

June 2019: started operations under its main name in Chile and Colombia.[114]

November 2019: DiDi scheduled to commence ride sharing services in Perth, Western Australia. DiDi will be the third major player to enter the West Australian ride share market alongside Uber and Ola. DiDi also launched operations in Costa Rica this month.[115]

January 2020: DiDi started hiring staff to start its business in Russia.[116]

August 2020: DiDi launched service in Kazan, Russia.[117]

November 2020: Announced entry into New Zealand market.[118]

May 2021: DiDi launched services in other Russian cities (Ufa, Tomsk, Voronezh, Tyumen, Krasnodar and other).[119]

March 2021: Announced launch in South Africa after a pilot in Gqeberha.[120]

May 2021: DiDi launched services in Kazakhstan, its fourth country in the Eurasian market.[121]

September 2021: DiDi launched services in Egypt, its second country on the African continent.[122]

2022: DiDi surpassed Uber to become the dominant ride-share company in Mexico, obtaining 56% of the market.[123]: 210 

March 2022: DiDi suspended services in Kazakhstan, citing "market changes and other challenges".[124] DiDi expressed an intention to exit Russia on March 4, 2022,[125] although the service continued operating. As of July 15, 2023 the DiDi ride-hailing app is not available in Russia.

April 2022: DiDi suspended services in South Africa, which it launched in March of the previous year.[126]

As of at least 2023: DiDi is the most popular ride-sharing app in Latin America.[123]: 211 

Leadership

[edit]

Cheng Wei (程维), founder and CEO of Didi Chuxing

Cheng Wei founded Beijing Orange Technology Co Ltd. in 2012, and soon launched Didi Dache, a taxi-hailing app. Prior to founding Beijing Orange, Cheng Wei worked in Alibaba Group for eight years.[127] Cheng Wei holds a BA from Beijing University of Chemical Technology.[128]

Jean Liu (柳青), president of Didi Chuxing

Jean joined in DiDi in July 2014 from her previous position as managing director in Goldman Sachs Asia for 12 years.[129] Jean is a member of the board of directors of ONE Foundation. Jean earned her B.A. from Peking University and her M.S. from Harvard University, both in Computer Science. Jean received an honorary Doctor of Commercial Science from New York University.[130]

Staff

[edit]

Diversity: 40% of DiDi's employees are women. In 2017, DiDi launched a female career development plan and established the "DiDi Women's Network". It is reportedly the first female-oriented career development plan in a major Chinese Internet company.[131]

Honors

[edit]
  • 2015: DiDi was announced as a World Economic Forum Global Growth Company[132]
  • 2016: DiDi was included in Fortune "Change the World" list[133]
  • 2016: DiDi was named one of the World's 50 Smartest Companies by MIT Technology Review[134]
  • 2017: DiDi was nominated as one of the best five startups for TechCrunch's 10th Annual Crunchies Awards[135]
  • 2018: DiDi was included in Fast Company's "Top 10 Most innovative Companies in China" list[136]
  • 2018: DiDi was included in the Global Clean Tech 100 list by Cleantech Group[137]
  • 2018: DiDi was named on CNBC's Disruptor 50 list[138]
  • 2018: DiDi was selected on Fortune's Change The World list[138]
  • 2018: DiDi Rider App was recognized as Best Hidden Gem for Mexico in Google Play's Best of 2018 list[138]
  • 2021: DiDi was named one of the 100 Most Influential Companies by Time.[139]

References

[edit]
  1. ^ a b "China's Didi Chuxing launches ride service in Mexico". Reuters. Archived from the original on 14 May 2018. Retrieved 14 May 2018.
  2. ^ Kaye, Byron. "Chinese ride-sharing giant Didi picks Australia for first Western foray". Reuters. Archived from the original on 15 June 2018. Retrieved 15 June 2018.
  3. ^ a b Jourdan, Adam. "China's Didi, SoftBank target Japan in taxi-hailing push". Reuters. Archived from the original on 15 June 2018. Retrieved 15 June 2018.
  4. ^ a b "Didi Kuaidi (滴滴快的)". Tech in Asia. Archived from the original on 8 September 2015. Retrieved 8 September 2015.
  5. ^ a b c d e "DiDi Securities Registration Report" (PDF). cloudfront.net. 31 December 2020. Retrieved 3 December 2021.
  6. ^ "DiDi SEC Filing". Securities and Exchange Commission. Retrieved 8 July 2021.
  7. ^ Stylized DiDi; Chinese: 滴滴出行; pinyin: Dīdī Chūxíng, pronounced [tɨ́tɨ́ ʈʂʰúɕɪ̌ŋ], formerly named Didi Dache (嘀嘀打车) and Didi Kuaidi (Chinese: 滴滴快的)
  8. ^ "China's Didi to invest $1 billion in its auto services platform". Reuters. 6 August 2018. Archived from the original on 12 November 2019. Retrieved 9 June 2019.
  9. ^ "China's Didi gets $500 million funding from Booking.com parent". Reuters. Archived from the original on 6 August 2018. Retrieved 6 August 2018.
  10. ^ a b "Didi Chuxing suspends carpool service after woman killed". BBC News. 26 August 2018. Archived from the original on 27 August 2018. Retrieved 27 August 2018.
  11. ^ Liao, Rita (10 June 2021). "SoftBank, Uber, Tencent set to reap rewards from Didi IPO". TechCrunch. Retrieved 11 July 2021.
  12. ^ Hawkins, Andrew (17 November 2021). "China built the first electric car designed exclusively for ride-hailing". The Verge. Retrieved 11 July 2021.
  13. ^ Albanese, Nicholas (22 June 2021). "Hyperdrive Daily: Didi Backs Robotaxis as Ride-Hailing Heats Up". Bloomberg. Retrieved 11 July 2021.
  14. ^ "DiDi SEC Filing". Securities and Exchange Commission. Retrieved 8 July 2021.
  15. ^ "Didi Kuaidi". Tech in Asia. 8 September 2015. Archived from the original on 8 September 2015. Retrieved 21 October 2015.
  16. ^ "Didi's Cheng Wei: Chinese patriot who tamed Uber". Reuters. 11 August 2016. Archived from the original on 9 October 2016. Retrieved 8 October 2016.
  17. ^ "Company Overview of Beijing Xiaoju Keji Co., Ltd". Bloomberg L.P. Archived from the original on 22 July 2018. Retrieved 15 February 2019.
  18. ^ "Tech in Asia – Connecting Asia's startup ecosystem". techinasia.com. Archived from the original on 24 March 2019. Retrieved 15 February 2019.
  19. ^ "Dididache 嘀嘀打车 – Hailing the Future, One Cab at a Time". Channels. Archived from the original on 24 March 2019. Retrieved 15 February 2019.
  20. ^ Rick Carew (1 April 2015). "Chinese Taxi-Hailing App's Valuation Soars to $8.75 Billion". The Wall Street Journal. Archived from the original on 14 November 2017. Retrieved 15 December 2017.
  21. ^ a b Gerry Shih (13 February 2015). "China taxi apps Didi Dache and Kuaidi Dache announce $6 billion tie-up". Reuters. Archived from the original on 7 May 2019. Retrieved 16 May 2019.
  22. ^ Paul Mozur and Mike Isaac (8 June 2015). "Uber Spends Heavily to Establish Itself in China". The New York Times. Archived from the original on 16 May 2019. Retrieved 16 May 2019.
  23. ^ Paul Carsten (7 July 2015). "China car hailing app Didi Kuaidi raises $2 billion as Uber rivalry intensifies". Reuters. Archived from the original on 10 May 2017. Retrieved 1 July 2017.
  24. ^ C. Custer (17 September 2015). "Didi Kuaidi partners with Lyft and invests $100M to take on Uber". Tech in Asia. Archived from the original on 11 October 2015. Retrieved 21 October 2015.
  25. ^ He Huifeng (23 January 2018). "China's top car-hailing app Didi Kuaidi rebrands itself with new logo, name in bid to shake off 'illegal taxi service' stigma amid crackdown". South China Morning Post. Archived from the original on 27 August 2018. Retrieved 27 August 2018.
  26. ^ "Following protests, Didi Dache and Kuaidi Dache offices shut down in Luoyang". Tech in Asia – Connecting Asia's startup ecosystem. Sina Tech. 13 May 2015. Archived from the original on 27 August 2018. Retrieved 27 August 2018.
  27. ^ "Didi Chuxing invests in Brazil rival". CNBC. 4 January 2017. Archived from the original on 7 November 2017. Retrieved 1 November 2017.
  28. ^ Hawkins, Andrew J. (1 August 2016). "Lyft's partnership with Didi is on the skids after Chinese app merges with Uber". The Verge. Archived from the original on 30 September 2016. Retrieved 28 September 2016.
  29. ^ "Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing". Reuters. 13 May 2016. Archived from the original on 3 April 2019. Retrieved 13 May 2016.
  30. ^ Isaac, Mike; Goel, Vindu (12 May 2016). "Apple Puts $1 Billion in Didi, a Rival to Uber in China". The New York Times. ISSN 0362-4331. Archived from the original on 1 April 2019. Retrieved 13 May 2016.
  31. ^ "Apple Invests $1 Billion in Didi, Uber's Rival in China". The Wall Street Journal. 13 May 2016. Archived from the original on 6 April 2019. Retrieved 13 May 2016.
  32. ^ Osawa, Juro; Carew, Rick (16 June 2016). "Didi Chuxing, China's Rival to Uber, Scores $7 Billion in New Funding". The Wall Street Journal. ISSN 0099-9660. Archived from the original on 4 October 2016. Retrieved 8 October 2016.
  33. ^ "Uber Is Burning Through $1 Billion a Year in China". Fortune. Archived from the original on 22 March 2016. Retrieved 2 April 2016.
  34. ^ Ovide, Shira (1 August 2016). "Uber Wins by Losing". Bloomberg Gadfly. Archived from the original on 9 March 2017. Retrieved 8 March 2017.
  35. ^ "China taxi apps Didi Dache and Kuaidi Dache announce $6 billion tie-up". Reuters. 14 February 2015. Archived from the original on 15 November 2016. Retrieved 15 December 2017.
  36. ^ Kharpal, Arjun (1 August 2016). "Taxi app rival Didi Chuxing to buy Uber's China business in $35 billion deal". CNBC. Archived from the original on 7 October 2016. Retrieved 8 October 2016.
  37. ^ "Uber Sells China Operations to Didi Chuxing". Wall Street Journal. August 2016. Archived from the original on 15 December 2017. Retrieved 15 December 2017.
  38. ^ Millward, Steven (1 August 2016). "Uber's China unit acquired by Didi in $35b deal". Tech in Asia. Archived from the original on 20 August 2016. Retrieved 1 August 2016.
  39. ^ "Business this week". The Economist. 4 August 2016. Archived from the original on 12 August 2016. Retrieved 12 August 2016.
  40. ^ Tai, Mariko (1 August 2016). "Didi Chuxing to acquire Uber's China operation". Nikkei. Archived from the original on 6 August 2017.
  41. ^ Wu, Kane; Negishi, Mayumi (28 March 2017). "SoftBank Considers $6 Billion Investment in China Ride-Hailing Firm Didi". The Wall Street Journal. New York City. Archived from the original on 30 March 2017. Retrieved 30 March 2017.
  42. ^ "China's Didi Raises Over $5.5 Billion in Record Tech Funding". Bloomberg L.P. 28 April 2017. Archived from the original on 6 August 2017. Retrieved 18 July 2017.
  43. ^ "China ride-sharing firm Didi raises $4 billion for global push". Reuters. 21 December 2017. Archived from the original on 5 January 2018. Retrieved 5 January 2018.
  44. ^ Sherry Jacob-Phillips, ed. (6 August 2016). "China's Didi to invest $1 billion in its auto services platform". Reuters. Archived from the original on 27 August 2018. Retrieved 27 August 2018.
  45. ^ "Killer Chinese Didi driver forced victim to transfer 9,000 yuan". The Standard. 27 August 2018. Archived from the original on 29 August 2018. Retrieved 29 August 2018.
  46. ^ Mary Ma (27 August 2018). "No free rides over rape-murders". The Standard. Archived from the original on 29 August 2018. Retrieved 29 August 2018.
  47. ^ "Ride-Sharing Giant Suspends Carpool After Passenger's Rape, Murder". NDTV. 26 August 2018. Archived from the original on 27 August 2018. Retrieved 27 August 2018.
  48. ^ "China's Didi Chuxing Suspends Carpool Service After Second Woman Killed". Time. Archived from the original on 27 August 2018. Retrieved 27 August 2018 – via Bloomberg.
  49. ^ Christian Schmollinger; Jane Merriman, eds. (26 August 2018). "Chinese authorities say Didi bears 'unshirkable responsibility' for passenger's death". Reuters. Archived from the original on 27 August 2018. Retrieved 27 August 2018.
  50. ^ He Huifeng (26 August 2018). "Didi stops hitching service in China after second murder – and admits it was warned about accused driver". South China Morning Post. Archived from the original on 27 August 2018. Retrieved 27 August 2018.
  51. ^ a b "China's Didi says will invest $20 million in customer service after passenger death". Reuters. Archived from the original on 5 September 2018. Retrieved 5 September 2018.
  52. ^ Liu, Jiefei (7 September 2018). "Briefing: Didi admits RMB 4 billion net loss in the first half of 2018 · TechNode". TechNode. Archived from the original on 7 September 2018. Retrieved 7 September 2018.
  53. ^ Koetse, Manya (20 September 2019). "Didi Riders Can Now Have 'Verified Party Members' Drive Them Around". What's on Weibo. Archived from the original on 22 September 2019. Retrieved 22 September 2019.
  54. ^ Shunsuke, Tabeta (19 October 2018). "Didi to hire 1,000 Communist Party comrades to improve safety". The Nikkei. Archived from the original on 22 September 2019. Retrieved 22 September 2019.
  55. ^ Dai, Sarah (18 October 2018). "Party members high on Didi's recruitment list in safety drive". South China Morning Post. Archived from the original on 22 September 2019. Retrieved 22 September 2019.
  56. ^ "Didi to Deliver First BYD Electric Cars to Drivers Within Months". bloomberg.com. 16 November 2020. Retrieved 17 November 2020.
  57. ^ "Rumors Say Didi Confirms Foundry to Be Responsible for Automotive Business". pandaily.com. 19 August 2022. Retrieved 18 March 2023.
  58. ^ Anirban Sen; Yilei Sun; Ankit Ajmera; Echo Wang (11 June 2021). "China's ride-hailing giant Didi sets stage for mega New York float". Reuters.
  59. ^ "China's market regulator reportedly launched antitrust probe into IPO-bound Didi". CNBC. 17 June 2021. Retrieved 7 July 2021.
  60. ^ Toh, Michelle (30 June 2021). "Didi launches blockbuster US IPO in quest to go 'truly global'". CNN.
  61. ^ a b Marquis, Christopher; Qiao, Kunyuan (2022). Mao and Markets: The Communist Roots of Chinese Enterprise. Kunyuan Qiao. New Haven: Yale University Press. doi:10.2307/j.ctv3006z6k. ISBN 978-0-300-26883-6. JSTOR j.ctv3006z6k. OCLC 1348572572. S2CID 253067190.
  62. ^ a b c d Zhang, Angela Huyue (2024). High Wire: How China Regulates Big Tech and Governs Its Economy. Oxford University Press. doi:10.1093/oso/9780197682258.001.0001. ISBN 9780197682258.
  63. ^ Lyons, Kim (4 July 2021). "China regulator orders Didi ride-hailing app removed from stores". The Verge. Retrieved 7 July 2021.
  64. ^ Choi, Yeji (10 July 2021). "Didi Chuxing, a 'Chinese version of Uber', surged 7% despite app download ban". Aju News. Retrieved 13 July 2021.
  65. ^ "China regulator fined internet platforms including Didi for illegal merger deals". Reuters. 7 July 2021. Retrieved 9 July 2021.
  66. ^ He, Laura (8 July 2021). "Chinese tech stocks roiled by worsening crackdown". CNN. Retrieved 9 July 2021.
  67. ^ La Monica, Paul R. (30 July 2021). "SEC temporarily halts approvals of new Chinese IPOs after Didi debacle". CNN. Retrieved 10 August 2021.
  68. ^ Xin, Zhou (4 May 2022). "Didi Global, China ride-hailing giant, reveals it faces an SEC probe about its NYSE IPO, on top of Beijing's scrutiny and looming delisting". South China Morning Post. Retrieved 9 May 2022.
  69. ^ He, Laura (4 May 2022). "Didi is facing an SEC probe into its botched IPO, company says". CNBC. Retrieved 9 May 2022.
  70. ^ "Didi Global to start work on delisting from New York, to pursue listing in Hong Kong". Reuters. 3 December 2021.
  71. ^ Tan, Weizhen (3 December 2021). "Didi says it will delist from the New York Stock Exchange and prepare to list in Hong Kong". CNBC.
  72. ^ "Didi Plunges 44% After Halting Planned Hong Kong Stock Listing". Yahoo! Finance. 11 March 2022. Retrieved 14 March 2022.
  73. ^ Novet, Jordan (11 March 2022). "Didi's 44% stock plunge leaves SoftBank and Uber with diminishing returns". CNBC. Retrieved 14 March 2022.
  74. ^ Pan, Che (12 June 2022). "China ride-hailing giant Didi to start trading on OTC market after NYSE delisting, ending an 11-month fiasco that angered Beijing". South China Morning Post. Retrieved 13 June 2022.
  75. ^ "China ride-hailing giant Didi fined $1.2bn after probe". BBC. 21 July 2022. Retrieved 15 August 2022.
  76. ^ Paul Mozur; John Liu (21 July 2022). "China Fines Didi $1.2 Billion as Tech Sector Pressures Persist". The New York Times. Retrieved 15 August 2022.
  77. ^ Huang, Raffaele (16 January 2023). "Didi Wins Approval to Restart New User Registration for Ride-Hailing Service". Wall Street Journal. Wall Street Journal. Retrieved 23 January 2023.
  78. ^ "Didi's Apps Reappear on Mobile Stores in Comeback's First Step". Bloomberg. 19 January 2023. Retrieved 23 January 2023.
  79. ^ He, Laura (16 January 2023). "China allows Didi to resume signing up new users as tech crackdown eases". CNN. Retrieved 23 January 2023.
  80. ^ Leggett, David (29 August 2023). "Signal: Xpeng to acquire Didi's self-driving unit". Just Auto. Retrieved 29 August 2023.
  81. ^ Mo, Liam; Wu, Sarah (19 May 2024). "Didi co-founder Liu steps down after decade at helm of Chinese ride-hailing company". Reuters.
  82. ^ Zhou Xin (8 January 2018). "DiDi completes 7.43 bln rides in 2017". Xinhua News Agency. Archived from the original on 9 September 2018. Retrieved 6 August 2018.
  83. ^ "The ride gets bumpy, costly". China Daily. 31 October 2016. Archived from the original on 9 July 2019. Retrieved 9 July 2019.
  84. ^ "Didi adds mass transit to ride-sharing mix for cheaper options". Nikkei Asian Review. Archived from the original on 5 August 2018. Retrieved 6 August 2018.
  85. ^ "DiDi Upgrades Premier Service". Archived from the original on 6 August 2018. Retrieved 6 August 2018.
  86. ^ 周锐 (9 November 2015). "滴滴代驾已覆盖200城市 日订单峰值突破50万". 中国新闻网 (in Simplified Chinese). Archived from the original on 27 August 2018. Retrieved 27 August 2018.
  87. ^ "商务出行常态化选择，滴滴企业版覆盖1700万职场人群". wemedia.ifeng.com. Archived from the original on 24 March 2019. Retrieved 6 August 2018.
  88. ^ "考拉班车融资失败被滴滴巴士接管运营". Archived from the original on 2 October 2016. Retrieved 28 September 2016.
  89. ^ "Looking luxury ride DiDi luxe now available didis English app". The Beijinger. 15 September 2017. Archived from the original on 9 July 2019. Retrieved 9 July 2019.
  90. ^ "Didi app embeds ofo to provide flexible solution for short trips – TechNode". TechNode. 27 April 2017. Archived from the original on 7 November 2017. Retrieved 1 November 2017.
  91. ^ "Didi's bike rental platform launches in Beijing and Shenzhen with ofo and Bluegogo bikes · TechNode". TechNode. 17 January 2018. Archived from the original on 18 March 2018. Retrieved 17 March 2018.
  92. ^ "Didi begins to replace Bluegogo bike's with their own in Chengdu · TechNode". TechNode. 25 January 2018. Archived from the original on 16 March 2018. Retrieved 17 March 2018.
  93. ^ "Didi to invest US$1 billion in one-stop car services business". South China Morning Post. 6 August 2018. Archived from the original on 9 July 2019. Retrieved 9 July 2019.
  94. ^ "Didi Chuxing moves into financial services". Financial Times. 2 January 2019. Archived from the original on 9 July 2019. Retrieved 9 July 2019.
  95. ^ "The battle for China's on-demand food delivery moves to Nanjing". Technode. 25 May 2018. Archived from the original on 9 July 2019. Retrieved 9 July 2019.
  96. ^ "Battle of LATAM Food Delivery Apps". Medium. 9 August 2020. Retrieved 21 December 2020.
  97. ^ "Ride-hailing giant Didi finally offers an English language option for foreigners in China". TechCrunch. 8 May 2017. Archived from the original on 11 July 2017. Retrieved 18 July 2017.
  98. ^ "Didi has opened a self-driving lab in the U.S. with famed Jeep hacker Charlie Miller". Recode. 8 March 2017. Archived from the original on 13 March 2017. Retrieved 13 March 2017.
  99. ^ Sarah Dai (10 July 2018). "China's biggest ride-hailing platform Didi now wants to help cities solve traffic jams". South China Morning Post. Archived from the original on 27 August 2018. Retrieved 27 August 2018.
  100. ^ "Taxi app rival Didi Chuxing to buy Uber's China business in $35 billion deal". CNBC. Archived from the original on 22 July 2018. Retrieved 1 October 2018.
  101. ^ "China's Didi looks to Latin America with $100M investment in Brazil-based Uber rival 99". TechCrunch. 5 January 2017. Archived from the original on 6 July 2019. Retrieved 6 July 2019.
  102. ^ "China's answer to Uber opens new self-driving car lab in Mountain View". Silicon Valley Business Journal. 9 March 2017. Archived from the original on 12 March 2017. Retrieved 6 July 2019.
  103. ^ Zen Soo (24 July 2017). "Didi Chuxing, SoftBank lead US$2.5b finance round in Southeast Asian ride hailing firm Grab". South China Morning Post. Archived from the original on 27 August 2018. Retrieved 27 August 2018.
  104. ^ Russell, Jon. "China's Didi invests in Taxify, an Uber rival operating in Europe and Africa". TechCrunch. Archived from the original on 30 October 2017. Retrieved 1 November 2017.
  105. ^ 王晓易, ed. (11 August 2017). "滴滴海外版图再扩张，投资优步在中东的主要对手Careem". 网易 (in Simplified Chinese). 澎湃新闻(上海). Archived from the original on 27 August 2018. Retrieved 27 July 2018.
  106. ^ "China's Didi Chuxing acquires control of Brazilian ride-hailing app 99 for US$1 billion". South China Morning Post. Reuters. 4 January 2018. Archived from the original on 27 August 2018. Retrieved 27 July 2018.
  107. ^ "Didi Eyes Growth With Taiwan Deal, New Hong Kong App – Caixin Global". caixinglobal.com. Archived from the original on 17 March 2018. Retrieved 17 March 2018.
  108. ^ Farlow, Sean (24 May 2018). "Australia: Didi Chuxing Starts Testing Service In Geelong". Gazette Review. Archived from the original on 15 February 2019. Retrieved 15 February 2019.
  109. ^ "Didi, SoftBank set up taxi-hailing joint venture in Japan". AP News. Archived from the original on 6 August 2018. Retrieved 6 August 2018.
  110. ^ "Didi makes Japan debut with Osaka taxi-hailing service". Nikkei Asian Review. 27 September 2018. Archived from the original on 6 July 2019. Retrieved 6 July 2019.
  111. ^ "China's largest ride-hailing firm launches research lab in Toronto". The Star. 19 November 2018. Archived from the original on 6 July 2019. Retrieved 6 July 2019.
  112. ^ "DiDi launches ride sharing services in Newcastle". IT Wire. 4 March 2019. Archived from the original on 4 March 2019. Retrieved 6 July 2019.
  113. ^ "Didi Chuxing moves into Kyoto and Tokyo". Nikkei Asian Review. 24 April 2019. Archived from the original on 6 July 2019. Retrieved 6 July 2019.
  114. ^ "China's Didi Chuxing starts ride-hailing services in Chile, Colombia". Reuters. 6 June 2019. Archived from the original on 24 August 2019. Retrieved 24 August 2019.
  115. ^ "'App' de transporte DiDi inicia operaciones este martes 19 de noviembre en Costa Rica". La Nación (in Spanish). 18 November 2019. Archived from the original on 19 November 2019. Retrieved 19 November 2019.
  116. ^ ""Китайский Uber" начал набор сотрудников в России". РБК. 16 January 2020. Archived from the original on 16 January 2020. Retrieved 17 January 2020.
  117. ^ "Didi Drives Into Russia With Taxi Service - Caixin Global". www.caixinglobal.com. Retrieved 26 August 2020.
  118. ^ "Didi Chuxing announces entry in to New Zealand, its 11th overseas market". cnTechPost. 3 November 2020. Retrieved 9 November 2020.
  119. ^ DiDi, Taxi (1 May 2021). "DiDi Taxi Service in Russia". Archived from the original on 3 August 2020.
  120. ^ Staff Writer. "Chinese Uber competitor to launch in South Africa". Retrieved 30 March 2021.
  121. ^ "China Tech Digest: Didi Expands Business To Kazakhstan". China Tech Digest. 15 May 2021. Retrieved 30 June 2021.
  122. ^ El-Din, Mohamed Alaa (10 September 2021). "Chinese ride sharing app Didi Chuxing to operate in Egypt mid-September". Daily News Egypt. Retrieved 13 September 2021.
  123. ^ a b Jin, Keyu (2023). The New China Playbook: Beyond Socialism and Capitalism. New York: Viking. ISBN 978-1-9848-7828-1.
  124. ^ Zhou, Cissy (28 February 2022). "China's Didi cancels exit from Russia under public pressure". Nikkei Asia. Retrieved 16 March 2022.
  125. ^ "DiDi stops operations in Russia, Kazakhstan from March 4 - company". TASS. Retrieved 15 July 2023.
  126. ^ Njanja, Annie (8 April 2022). "Ride-hailing firm Didi exits South Africa". TechCrunch. Retrieved 11 April 2022.
  127. ^ "滴滴一下，让出行更美好". xiaojukeji.com. Archived from the original on 28 September 2016. Retrieved 28 September 2016.
  128. ^ "Uber Slayer: How China's Didi Beat the Ride-Hailing Superpower". Bloomberg. 6 October 2016. Archived from the original on 22 April 2019. Retrieved 1 July 2019.
  129. ^ "管理团队-滴滴官网". didiglobal.com. Archived from the original on 1 February 2019. Retrieved 1 February 2019.
  130. ^ "Canadian Prime Minister Justin Trudeau to Speak at NYU's 186th Commencement". NYU. 2 April 2019. Archived from the original on 1 July 2019. Retrieved 1 July 2019.
  131. ^ "Didi Chuxing Launches Female Career Development Plan in China". ChinaTechNews.com. 7 April 2017. Archived from the original on 6 August 2017. Retrieved 18 July 2017.
  132. ^ "List of Global Growth Companies Honourees 2015" (PDF). World Economic Forum. Archived (PDF) from the original on 22 September 2015. Retrieved 12 October 2016.
  133. ^ "How These 50 Companies Are Changing the World". Fortune. Archived from the original on 12 October 2016. Retrieved 12 October 2016.
  134. ^ "50 Smartest Companies 2016". MIT Technology Review. Retrieved 12 October 2016.
  135. ^ Crook, Jordan (2 February 2017). "These are the companies fighting for Best Startup at the 10th Annual Crunchies". TechCrunch. Archived from the original on 5 March 2017. Retrieved 4 March 2017.
  136. ^ "The 2018 Top 10 Most Innovative Companies by Sector: China | Fast Company". Fast Company. Archived from the original on 18 March 2018. Retrieved 17 March 2018.
  137. ^ "Cleantech Group Unveils the 2018 Global Cleantech 100 List | Cleantech Group". www.cleantech.com. Archived from the original on 6 August 2018. Retrieved 6 August 2018.
  138. ^ a b c "2018 Disruptor 50: No. 4 Didi Chuxing". CNBC. 22 May 2018. Archived from the original on 6 August 2018. Retrieved 6 August 2018.
  139. ^ Campbell, Charlie (27 April 2021). "DiDi Chuxing is One of the 2021 Time Most Influential Companies". Time. Retrieved 30 April 2021.
[edit]
  • Official website Edit this at Wikidata
  • Business data for DiDi Global Inc.:
Retrieved from "https://en.wikipedia.org/w/index.php?title=DiDi&oldid=1257900766"