China Enshrines Ride-Hailing Curbs in Another Blow to Didi
- Several agencies issue most comprehensive guidelines to date
- Didi’s investors are grappling with uncertainty over its fate
China issued its most comprehensive set of guidelines yet governing the growth and expansion of its ride-hailing industry, dealing a fresh blow to leader Didi Global Inc.
Agencies including the antitrust watchdog, transport ministry and public security bureau issued a formal package of rules Tuesday aimed at protecting the rights of the millions of ride-hailing drivers that underpin the sector’s growth. They ordered Didi and its smaller rivals to strengthen social insurance for drivers while adopting “reasonable” commissions. And they warned them against using data to take advantage of consumers. China will establish local-level supervisory offices staffed by personnel from multiple agencies before the year’s end, according to the guidelines.