Chinese ride-hailing platform Didi Chuxing on Monday suspended inter-city transport to and from Beijing only a week after the service resumed in late May, as the capital banned inter-city ride-hailing amid rising Covid-19 cases. Why it matters: Didi’s recent move is the latest to stem a second...

Ride-hailing platform Didi Chuxing is piloting a new grocery e-commerce project in Chengdu as it looks to diversify its revenue streams. Why it matters: The e-commerce pilot is Didi’s latest push to expand beyond its core ride-hailing business, which has been hit hard by the Covid-19 epidemic....

The COVID-19 pandemic is taking a heavy toll on ride-hailing services, like Uber and Lyft. Grab, Southeast Asia’s largest ride-hailing company, has also been impacted, but the company has adapted by quickly transitioning many of its ride-hailing drivers to its on-demand delivery verticals and...

Didi Chuxing, China’s largest ride-hailing company, is hiring van drivers in two provincial capitals as part of its early push into logistics. This is the latest move into more general mobility services like home delivery and public transit. Why it matters: Didi’s push to establish itself in...

Heading into earnings season, you might have expected Uber and Lyft to suffer. After all, global travel slowed toward the end of Q1, so how could these companies have done well? Continuing the same line of thinking, given that they are both unprofitable and are valued more on growth than trailing...

Ride-hailing giant Didi has resumed limited nighttime operations of its carpooling service Hitch in some cities across China, while implementing stricter identity checks for drivers and passengers. Why it matters: Didi suspended Hitch indefinitely in 2018 following two separate incidents in which...

Indonesia Transport & Infrastructure (IATA), which is an affiliate of local conglomerate MNC, has announced plans to acquire a majority stake in Anterin Digital Nusantara, a homegrown ride-hailing company, for an undisclosed amount. In a disclosure to the Indonesia Stock Exchange, IATA said it has...