Didi Chuxing to Lay Off Takeout Delivery Staff Amid Huge Loss

Didi Chuxing  will cease operations of its takeout delivery service in China after the  shared-mobility firm reportedly ran up a loss of CNY10.9 billion  (USD1.6 billion) for last year. The platform’s Beijing-based operator  Xiaoju Technology will adjust its meal courier service to focus on  overseas markets starting with Mexico and Brazil, with hundreds of staff …

The end of China’s ride-sharing gig

Over the last few years, millions of Chinese workers managed to earn extra money by being ride-hailing drivers. Many picked the gig because of its flexible schedule. For those who could not otherwise afford to own a car in China’s pricy metropolises, driving around is also a status symbol, even if they are paying off …