China’s market watchdog has also reviewed how modern trading companies will assist its affiliates, warning regulators from Didi Chuxing and nine other companies against price hikes and data loss.
Officials from 10 shipping and shipping companies were summoned on Friday to a meeting with eight government departments, including the State Administration for Market Regulation, the Ministry of Transport and the Ministry of Public Safety, according to the government.
The flight platforms were told to deal with a number of challenges including the high cost of drivers, inefficient share-sharing methods and price fluctuations. Luggage towers were instructed to monitor traffic congestion, impose corporate rates and pay regular membership fees.
The conference is part of a process that China’s regulators will control in its online campaigns and enact new regulation laws to ensure that resources are protected, says Will Tao, an independent technical researcher.
The campaign, which changed its weapons after the regulators abruptly suspended Ant Group’s offerings, has led online retailers to align with the Chinese Communist Party in a bid to control the market and reduce counterfeiting.
Along with Didi, the SoftBank-sponsored platform that has been dominating China since Uber left the market in 2016, were its junior fighters Meituan Chuxing, from the Meituan ecommerce group, and Cao Cao Mobility, China’s rising arm of Chinese secret manufacturing machine Geely. Full Truck Alliance and Huolala were one of the delivery platforms at the conference.
Didi, who is expected to be listed on a New York stock exchange at the end of this year, had a strong relationship with the authorities after several security incidents – and even the murder – which is driving its drivers in 2018 led to stern warnings from the police and the suspension of the driving company.
Didi was also criticized by the Ministry of Transport in March when drivers complained that the company had raised fares without increasing their salaries.
Didi responded last week with a promise to appear soon, and reported a financial loss on mid-2020 orders. It said drivers receive about 80% of the time, but that there have been a few “serious” cases, only 2.7 percent, while the company received 30% of all travel expenses, the group said.
One of the reasons the government has invited the companies is to ensure that there is stability among the millions of operators who earn money through the Didi platform, Tao said. “In cities like Beijing, there are tens of thousands of drivers who know each other well and can stage demonstrations,” he said. The authorities want to prevent this. ”