Ride-hailing
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Beijing becomes latest Chinese city to ban petrol cars from joining ride-hailing platforms
Beijing has banned the acceptance of new gasoline vehicles on ride-hailing platforms since July 20, with only EVs accepted.
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China's Ministry of Transport demands compliance of ride-hailing platforms
Effective immediately, these platforms are not allowed to grant new access to non-compliant vehicles and drivers and should accelerate the retirement of non-compliant drivers and vehicles.
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Geely's ride-hailing arm Caocao reportedly gets RMB billions in new funding
If it is true, the financing would be the first local equity financing in China's ride-hailing industry in 2021, an ice-breaking move after the crackdownon Didi Chuxing.
