Beijing lifts restrictions on DiDi ridesharing service

DiDi Chuxing’s difficulties may be coming to an end as Beijing lifts restrictions on the ridesharing service.

Beijing targeted DiDi after the company raised $4 billion from selling its shares on the New York Stock Exchange (NYSE). In the days following the listing, Beijing launched a data security probe into DiDi on the basis that it was “illegally collecting user data”.

Amid increased US-China tensions, Beijing has sought to clamp down on Chinese firms listing in...

China to hit mobility giant Didi with a $1B fine

Chinese authorities are set to hit mobility giant Didi with a $1 billion fine, a move that could end a torrid period for the firm.

Didi has been in the spotlight of the Chinese government after the company raised $4 billion from selling its stocks in New York.

Beijing launched a data security probe into Didi in the days after its New York Stock Exchange (NYSE) listing; claiming that it was “illegally collecting user data”. However, both the country’s regulators and...

Didi halts plans to launch its robotaxis in the UK and Europe

Didi has decided to halt its plans to deploy robotaxis across the UK and Western Europe.

The Chinese tech giant intended to offer its services in major cities around the region as part of significant expansion plans.

While it hasn’t disclosed the reason for its decision, it likely has something to do with the increased pressure it’s facing from both Beijing and Western governments.

Didi has been targeted by Chinese authorities following its $4.4 billion...

Di-nied: Chinese ride-hailing giant DiDi denies it’s going private

Chinese ride-hailing giant DiDi has denied a report that it’s considering going private to appease the country’s authorities.

Shares in DiDi (DIDI) spiked by around eight percent following the report from the Wall Street Journal as investors bet on a smoother ride for DiDi going forward.

DiDi, which is backed by Apple, has been targeted by Chinese authorities following its $4.4 billion listing on the New York Stock Exchange (NYSE).

Earlier this month,...