China to scrutinise online ride hailing firms over workers’ rights, anticompetitive practices

REUTERS/Kim Kyung-Hoon

China will ramp up its scrutiny of online ridehailing firms under plans to strengthen the protection of worker rights and require firms to amend any non-compliant operations, the Ministry of Transport said on Friday.

The ministry said in a statement that did not name any companies that it had found that some ridehailing firms were infringing driver rights while other platforms were disrupting fair competition in the market.

Online ridehailing firms with “illegal” operations will be required to put forth timetables and work plans on how they will expedite the removal of non-complaint vehicles and personnel, it said.

The ministry is planning to publish policies to protect the rights and interest of workers in the transport sector, it said.

Didi Global, China’s largest ridehailing giant, has faced increasing regulatory pressure and became the target of an investigation by the Cyberspace Administration of China days after it raised $4.4 billion in an initial public offering.

Didi did not immediately respond to a request for comment on the ministry’s statement.

China’s market regulator last week also introduced reforms on food delivery platforms targeting worker pay, insurance and a relaxation in delivery deadlines.

Reuters

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.