China reprimands SoftBank-backed Didi Chuxing for infringing drivers’ rights

Source: Didi Chuxing

China’s transportation ministry, on Friday, reprimanded ride-hailing giant Didi Chuxing for infringing its drivers’ rights, urging it to rectify some of its business activities to ensure the safety and stability of the industry.

In a statement, China’s Ministry of Transport said it had called in representatives from Didi for a meeting in which it told them that the firm’s recent adjustments to its business strategy in some Chinese cities had triggered social concern, as its inadequate preparation, communication, and evaluation may have infringed the legitimate rights and interests of drivers.

The ministry urged SoftBank-backed Didi to rectify business operations, set pricing according to laws, and ensure that drivers earned a reasonable income.

Didi’s representative at the meeting said the firm will strictly implement the working requirements and conscientiously carry out the rectification work, according to the statement. The company did not immediately respond to a request for further comment.

China has stepped up its scrutiny of the country’s internet giants in recent months and has in particular cited concerns over monopolistic behaviour and potential infringements of consumer rights.

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.