DiDi's brewing problems at home to put the brakes on overseas growth
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News flow on Chinese ride-sharing giant DiDi Global (DIDI.N) caught our attention over the past two weeks following reports of a company-wide layoff affecting 20% of total employees (approximately 3,000 people). According to Chinese media outlet LatePost, layoffs had already started in January and the process was expected to be complete by the end of February. However, the layoff would reportedly not be extended to DiDi’s overseas operations. Meanwhile, the company continues to face challenges from the Chinese government’s ongoing cyber/data security investigation and new regulatory measures.
DiDi's brewing problems at home to put the brakes on overseas growth
DiDi's brewing problems at home to put the…
DiDi's brewing problems at home to put the brakes on overseas growth
News flow on Chinese ride-sharing giant DiDi Global (DIDI.N) caught our attention over the past two weeks following reports of a company-wide layoff affecting 20% of total employees (approximately 3,000 people). According to Chinese media outlet LatePost, layoffs had already started in January and the process was expected to be complete by the end of February. However, the layoff would reportedly not be extended to DiDi’s overseas operations. Meanwhile, the company continues to face challenges from the Chinese government’s ongoing cyber/data security investigation and new regulatory measures.