Didi

The competition to develop driverless cars is fast and furious.

Didi, China’s largest ride-hailing company is about to lay off thousands of employees but is apparently determined not to end things on a bitter note. Employees are said to be “competing&#

And it’s laying off a quarter of its staff.

Unnamed sources contacted by 36Kr, KrAsia’s parent company, revealed on Wednesday that Didi Chuxing is laying off a quarter of its 13,000 employees to cut costs. Didi is China’s largest rail-hailing c

Didi Chuxing, China’s largest ride-hailing platform, denied a China Business News report that said it will resume its hitchhiking business around June.

Didi looks to drive growth through China’s EV tide.

The firm says it has no intention to make cars.

Didi announces restructuring to restore the public’s confidence on its platform.