Thank you for subscribing.

Please check your email to confirm.

Unsubscribe success..

You already subscribed and confirmed.

Please check your email.

You already subscribed.

Please check your email to confirm.

The DiDi Hitch Draws Nearer
The DiDi Hitch Draws Nearer
DiDi Hitch Open Day. Liu huan for EqualOcean
Associated Company
Didi Chuxing Didi Chuxing

China’s largest ride-hailing platform DiDi Chuxing published its safety solutions for Hitch on July 18, signaling the mobility giant’s urges to relaunch the controversial service.

DiDi has iterated 12 versions and optimized 226 functions for Hitch in the past 325 days since it was suspended last August. The firm touted its special women protection plan in the press release, along with a set of safety procedures – market entry, reprotection, during-the-ride protection, and after-ride protection solutions.

“We make Hitch matches riders heading in the same direction, and we guarantee the rides are authenticated” is a mission that DiDi put forward during the Open Day. The claim is similar to its competitors, Dida Chuxing, which started its business by focusing on Hitch-like carpooling services at the beginning with a much lower price to compete with DiDi. Dida moved into taxi business last year.

Hitch, a service akin to an online version of hitchhiking, was “suspended indefinitely” by the firm after a young female passenger was killed by a Didi Hitch driver last August. DiDi’s lapses in security and safety courted itself waves of blaming and also authorities’ on-site investigations to identify potential public security and passenger safety hazards.

DiDi is reportedly testing the service in May and now it throws out its “promised” safety mechanism and speeches, as the firm fights back against a stagnant daily rides growth. It is also occupied with other stuff: to fend off small local rivals like Dida Chuxing, Meituan Dianping, and Autonavi; to raise up to USD 2 billion from investors by selling additional shares at the same price when Booking Holdings invested it in July 2018.“At the new USD 62 billion valuation, DiDi would rank in the top three private tech companies globally, after Ant Financial Services Group and Bytedance Ltd.," the Wall Street Journal said in the release.

DiDi, to be the third valuable private firm worldwide, still feels "unsecured" if it can not get its Hitch service back, a business that brings 2 million daily rides. 

Enterprise Information

Didi Chuxing is a mobile transportation platform, offering a full range of commuting options to 400 cities in China.
CATEGORIES: Auto, AI
Last Funding Type
Strategic Investment
Number of Employees
5001-10000
Number of Funding Rounds
20
Total Funding Amount
21.85B

Enterprise Information

Didi Chuxing
Didi Chuxing is a mobile transportation platform, offering a full range of commuting options to 400 cities in China.
CATEGORIES: Auto, AI
Last Funding Type
Strategic Investment
Number of Employees
5001-10000
Number of Funding Rounds
20
Total Funding Amount
21.85B

Reach the Author!

Ask the author questions about the copied text

MOST READ

THE LATEST

Cloopen Raises Hundreds of Millions of Yuan in Series D
And its post financing valuation has surpassed CNY 5.5 billion.

Cloopen Raises Hundreds of Millions of Yuan in Series D

Any Question

EqualOcean is a leading industrial tech media and investment research company that focuses on technological and industrial innovation in China.

We aim to assist Chinese entrepreneurial enterprises to break into the global market and provide overseas investors, VCs, and enterprises with a deeper understanding of China's business environment and to seize opportunities in China.

Join over 800,000 of your peers