Tuesday April 23, 2024 | Last Update: April 23, 2024 EDT
Didi Kuaidi, the largest car-hailing app in China, has just appointed Jerry Yang, co-founder of Yahoo, to its board as senior advisor, according to a report from Techcrunch.
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China is planning to tighten the oversight of online private-car-hailing services, like Uber and Didi Kuaidi, according to a report from The Wall Street Journal. The plan, if strictly enforce, will deal a major setback to companies like Uber and Didi Kuaidi, regulating them like traditional taxis, which would fold their carpooling services in China and require them to operate in a higher-cost.
Chinese-ride sharing service Didi Kuaidi, which competes with Uber Technologies Inc., is set to raise $3 billion from investors lured by the promising company.
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