What is happening with Didi in China?
What is happening with Didi in China? Didi was banned by Chinese regulators from taking on new users and its app not available from mid-2021 until January 2023. The ride-hailing firm was fined $1.2 billion in July 2022 over data-security breaches.
Why did Uber fail in UK?
Why did Uber fail in UK? The transport authority said one main issue was a flaw in Uber's system that let unauthorized drivers sneak onto it. The drivers sidestepped rules by colluding with authorized drivers to pick up riders under their account.
Is DiDi still operating in China?
Chinese ride-hailing giant Didi plans expansion after Beijing's crackdown on the firm ends. Didi is planning expansion this year, the company said on Thursday. Didi said it plans to cover more cities with its services. In January, Didi's apps returned to app stores in China after being removed in July 2021.
Is Uber leaving UK?
Is Uber leaving UK? Uber has secured a 30-month — or two-and-a-half-year — license to keep its ridesharing services up and running in London, according to a report from the BBC.
What is the future of Didi stock?
Stock Price Forecast The 1 analysts offering 12-month price forecasts for DiDi Global Inc have a median target of 4.49, with a high estimate of 4.49 and a low estimate of 4.49. The median estimate represents a +25.69% increase from the last price of 3.57.
What was the problem with Didi?
The Cyberspace Administration of China said Thursday that Didi, a 10-year-old Chinese company based in Beijing, illegally collected 12 million pieces of “screenshot information” from users' mobile photo albums and excessively accumulated 107 million pieces of passenger facial recognition information and 1.4 million ...