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Chinese cities issue warnings about oversupply of ride-hailing drivers amid weak job market

Municipal governments across China are trying to dissuade their unemployed citizens from becoming ride-hailing drivers, even though the low barrier to entry is appealing amid a weak job market. The latest warning came from Jingdezhen, a city known as the porcelain hub in southeastern Jiangxi province. The city's transport authority on Monday said that "the number of private cars in the city has been increasing over the years, and the capacity of the online ride-hailing market is becoming saturat

Xpeng Quarterly Loss Narrows But Outlook Shows Tough Times Ahead

Xpeng Quarterly Loss Narrows But Outlook Shows Tough Times Ahead
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Didi co-founder Liu steps down after decade at the helm of Chinese ride-hailing company

Didi Global Inc's co-founder Jean Liu has stepped down from her roles as president and board director, according to an internal company memo.

Didi Co-Founder Liu Becomes CPO at China Ride-Hailing Giant

Didi Co-Founder Liu Becomes CPO at China Ride-Hailing Giant
biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.

Didi Chief Liu Steps Aside as Firm Rebuilds After Crackdown

Didi Chief Liu Steps Aside as Firm Rebuilds After Crackdown
bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.

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