Gogox dumps China dream that failed to deliver
The Hong Kong-based delivery company is selling its Mainland Chinese business for a token 1 yuan, and is changing its name as it chases other global markets Key Takeaways: Gogx…
Dida eyes road back to revenue growth under Tongcheng umbrella
A majority of the struggling ride-sharing company’s shareholders have agreed to sell their stock to one of China’s leading online travel agents Key Takeaways: Nearly 52% of Dida’s shareholders have…
Dida’s carpool ride-sharing model runs low on fuel
The company’s revenue fell about 44% in the second half of last year, accelerating from a 29% drop in the first half Key Takeaways: Dida’s revenue tumbled by nearly half…
Dida reverses into revenue contraction, falling profits
The carpooling services provider’s revenue began to decline in the second half of last year, as it cited changing ‘travel consumption trends’ Key Takeaways: Dida’s revenue fell 8.6% in the…
CHINA BULLETIN: Fiscal Revenue, Land Sales Fall in April
In this week’s issue we bring you British bears, a chatbot price war and the end of the road for Didi’s president. On a scale of 1 to 100, we…
Next stop for Geely-backed CaoCao: a Hong Kong IPO
The ride-sharing company has built partnerships with third-party platforms to mount a concerted challenge to the market leader, but the strategy carries risks Key Takeaways: CaoCao Inc.’s revenues have grown…
Clash of the Car-hailing Titans: Dida Seeks IPO Funds as Battle Looms
The Chinese rideshare platform has filed to list on the Hong Kong Stock Exchange for a third time, as rivalry in the shared transport business heats up again Key Takeaways:…
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