Chinese ride-hailing giant Didi plans expansion after Beijing's crackdown on the firm ends
Publishing timestamp: 2023-03-16 06:17:29
Summary
Chinese ride-hailing giant Didi plans to expand its services and launch more diversified products and services in 2023, following the easing of regulatory crackdowns. The company also plans to cover more cities with its services, citing a rapid recovery of travel and consumption across China. Didi's expansion plans come after a crackdown on the company in mid-2021, which led to its apps being removed from local app stores. However, Didi's return to app stores in January and its business expansion plans suggest a more predictable regulatory environment for technology companies in China.
Sentiment: NEUTRAL
Tickers: 92S-FF,
Keywords: technology, business news, internet, china, didi global inc,
Source: https://www.cnbc.com/2023/03/16/chinas-didi-plans-expansion-after-beijings-crackdown-ends.html