Tag: Meituan Dache

China’s ride-hailing industry records a 12.4% drop in June
Tech

China’s ride-hailing industry records a 12.4% drop in June

News for Investors in Didi and other Chinese Ride Hailing companies. In June 2021 a total of 701.46 million orders were reported. This is a decline of 12.4 percent from the previous month according to the MOT. Among the major platforms, Shouqi reported a 20.4 percent drop in orders, while Didi Chuxing saw a decline of 13.4 percent in total orders. Among all 236 online ride-hailing platforms, 13 platforms, including Shouqi Limousine & Chauffeur, UCAR, Didi Chuxing, Geely-backed Cao Cao Mobility as well as some other operators, completed more than 300,000 orders in the past month, with ten platforms losing business.  In terms of compliance rate, Didi Chuxing, which has been put under a strict regulatory scrutiny over cybersecurity issues, only saw a rate of 39.5 percent - meaning ...
Meituan re-launches ride-hailing app
Tech

Meituan re-launches ride-hailing app

The timing couldn't be more perfect for Meituan to launch their ride hailing app again. On Friday Meituan announced that they are re launching Meituan Dache right after apps of Didi Chuxing were barred from accepting new users and were removed from app stores. The Meituan Dache app was launched in February 2017 and was merged into Meituan App in April 2019. Within 10 days after Meituan launched its car-hailing service in 2018 in Shanghai it captured one-third of the local market, media reported. In June 2019 Meituan Dache was removed from app stores in order to control costs following sustained losses according to the company. The ride-hailing app of Meituan served as an integration platform that accommodated other ride-hailing companies. China is now the world's largest car-...