Didi Resumes New User Registration After Lengthy Review by Chinese Authorities

After over a yr of being reviewed by Chinese regulators, on-line ride-hailing platform Didi formally introduced on January 16 that it has resumed new consumer registration.

On July 2, 2021, Chinese authorities launched a web-based safety evaluation for Didi, throughout which period the platform was prohibited from registering new customers. Immediately, 26 apps underneath Didi have been faraway from digital cabinets. A few weeks later, seven governmental departments formally began their evaluation of the corporate.

“Over the past year or so, our company has seriously cooperated with the national network security review, taken seriously the security problems found in the review, and carried out comprehensive rectification. With official approval, the registration of new users will be resumed from now on,” Didi mentioned.

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Didi wrote in its first prospectus for the US inventory market that its each day order quantity exceeded 41 million, masking greater than 4,000 cities throughout China. Some insiders have identified that these have been the height figures. During Didi’s non permanent departure from the net ride-hailing market, many new gamers entered. AutoNavi, which solely focuses on built-in platforms earlier than, launched its personal model known as “Rocket Travel.” T3 Go, Caocao Mobility and Meituan‘s car-hailing business continue to expand their markets. Douyin, backed by ByteDance, has opened up the qualification of ride-hailing service providers. Huawei has launched “Pedal Travel” to seize the precious opportunity brought about by Didi’s incident.

Looking again on the growth of China’s ride-hailing trade, it started to enter a interval of speedy growth in 2017, and by 2019, the general market transaction scale reached 346 billion yuan ($51 billion). However, the sudden outbreak of COVID-19 prevented this progress from persevering with. According to statistics from the China Internet Network Information Center, this determine was solely 311.4 billion yuan in 2020.

Although the transaction scale in Chinese ride-hailing market has recovered because the early pandemic interval, total progress charges have begun to decelerate. In 2021, the transaction scale was 358.1 billion yuan, up 14.5% year-on-year. According to the most recent knowledge from China Chuxing, in 2022, the typical each day order of on-line ride-hailing platforms in China was about 20 million, really declining barely in contrast with 2021.

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