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China Intensifies Crackdown On Didi With New Ride-Hailing Rules

December 1, 2021
Source: nationandstate.com nationandstate.com
News Snapshot:
[Bloomberg] . Beijing continues ratcheting up regulations on tech companies to reshape its digital economy. The latest is six regulatory agencies, including antitrust watchdog, transport ministry, and public security bureau, who issued new rules to limit driving fees companies can charge customers. The rules laid out new rules for companies to provide social insurance for drivers while offering “reasonable” commissions. The new guidelines also outlined how Didi and other smaller ride-hailing companies must fully employ some drivers rather than subcontracting them out — Didi had previously warned would such a requirement could “fundamentally” change its business model. Li Chengdong, head...
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