China’s Didi Chuxing CEO says ride sharing orders recover to pre-pandemic levels

The logo of Chinese ride-hailing firm Didi Chuxing is seen at their new drivers center in Toluca, Mexico, April 23, 2018. REUTERS/Carlos Jasso

Didi Chuxing, China’s biggest ride-hailing company which counts SoftBank as a backer, saw its ride sharing orders in China this month recover to levels seen over the same period a year earlier, its founder and Chief Executive Cheng Wei said.

Didi‘s peak daily ride sharing orders surpassed 30 million, Cheng said in a statement on Saturday, adding that the company’s bike sharing business, Didi Bike, saw daily orders reaching 10 million.

The recovery in orders comes as most of China has reopened for business after the coronavirus outbreak. The country, where the coronavirus emerged late last year, has seen a sharp fall in cases since March.

Didi, which has operations in eight overseas countries – Japan, Australia and six Latin America countries, has over 10,000 employees, including 2,000 overseas, Cheng said.

In April, Cheng said the company wanted to achieve 100 million orders per day and accumulate 800 million monthly active users globally by 2022.

That same month, a senior Didi executive told Reuters in an interview that its overseas orders were recovering from mid-March lows.

Reuters

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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).

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  • 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.