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While giant Didi is still burning cash, new contenders are turning profitable.
Wei Junqing, a veteran from Aptive, will be the CTO of Didi’s new self-driving spinoff.
The list aims to showcase the performance of top local startups and appeal to the country’s best talent.
China’s largest ride-hailing platform is accused of dodging regulation on purpose and its app is at risk of being removed from the marketplace.
Both companies are seeking ways to cut costs.
Quality issues with vehicles and drivers persist.
Didi keeps expanding its open network of partnerships.
One of the biggest trends in 2019 is the rise of the ‘copy-from-China’ approach by western firms.
It could make Didi’s balance sheet look neater for now, but the ride-hailing company is still far from being profitable.
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