Ride-hailing
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.
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.
