Uber Might Have the Last Laugh Over China
- Chinese cities plan tighter ride-sharing rules in blow to Didi
- Regulations come just months after Didi bought out Uber China
China Cities Plan New Ride-Sharing Rules in Blow to Didi
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Chinese ride sharing company Didi Chuxing was on a roll just a couple of months ago after driving Uber Technologies Inc. out of the country to cement itself at the top of the market. That was before local governments stepped in with new rules that could derail its victory.
The nation’s largest metropolises, including Beijing, plan policies that would only allow local city residents to drive for car-hailing apps. That spells trouble for Didi as most of its chauffeurs in those cities wouldn’t qualify. In Shanghai, less than 3 percent of its 410,000 private drivers meet that standard.