Bringing you the latest financing highlights in the tech sector in China.
Didi’s CEO said at the Boao Forum for Asia on Wednesday that Didi will continue subsidizing drivers and passengers in 2016, with no plans for listing just yet.
Uber has pledged to provide bonuses to both passengers and drivers requesting or provisioning its new ‘Uber Electric’ service. Uber claims at present 30% of its fleet in Shanghai consists of EVs.
The personal driver market is set for a shakeup with Daijia and UCAR set to join forces in a bid to tackle the challenge presented by dominant Didi Kuaidi.
As the ride-hailing climate in China looks to become more closely regulated, Uber China registers its operations in the Shanghai Free Trade Zone.