Uber, Didi Armed With Billions Hold Breath on China Regulations
- Uber CEO Kalanick says it wants to be good partners in China
- Didi says sharing economy offers solution to China's gridlock
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Tom Teng has been driving part time using the Didi Kuaidi car-hailing app and finds the service a boon for car owners like him who want to supplement their income. His greatest fear, though, is being pulled over by police and fined for carrying out an illegal activity.
“I worry all the time about being caught and fined by the government,” said Teng, 38, who runs his own interior decoration business in Beijing. “My biggest concern is policy uncertainties. I wish there are clear signals soon.”