Didi Restructures With Car-Hailing Under Pressure
(Beijing) – Didi Chuxing, China’s dominant online car-hailing service, restructured its business operations and management Thursday in a move to adapt as strict local regulations alter the market environment in China.
Four months after authorities tightened rules on car-hailing, Didi’s Chief Executive Officer Cheng Wei and President Liu Qing told employees in an internal memo that the company is reorganizing into four business units. They are ride-sharing and taxi services, high-end car-booking and chauffeur services, public transportation services and overseas business operations.
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