China’s ride-hailing industry faces more economic uncertainty, more competition, and more regulation. But giant players are poised to thrive post-Covid.
Drive I/O | The five trends that will reshape ride-hailing in China
Home rental giant Ziroom is jilting landlords
Landlords told TechNode that house rental platform Ziroom has been demanding cuts in its rent, and walking away from leases if they refuse.
Search giant Baidu to make EVs with Chinese automaker Geely
Baidu announced Monday that it will partner with automaker Geely to make smart EVs, expanding its push into a booming industry.
The Meituan resistance: Small restaurants are breaking ties with the app
Some small restaurants in Xi’an find the costs of working with Meituan unbearable, so they try to break free from the food delivery app.