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Shared economy to drive car-sharing business

A key word for the Chinese car industry in 2016 would definitely be shared economy. Take the car hailing service industry as an example. Creating hundreds of thousands of jobs and offering hundreds of millions of rides nationwide, the industry witnessed a boom and then a reshuffle marked by Didi

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A multi-billion RMB bet ¨C Chinese mobility service market

The giant global auto industry is experiencing unprecedented disruption as its 130-year-old business model is turned completely inside out. Such changes are happening faster in China than in the rest of the world, where the size and scale of the urban population and the sheer numbers of virtuous connected consumers

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MOT new regulations legalize car hailing service industry

BEIJING – The Ministry of Transportation issued a new regulation to legalize the car hailing service industry on July 28 in Beijing. As the world’s first nationwide online ride-booking regulation, it stipulates that vehicles engaged in ridesharing can get registered in a new category of “booked taxis for passenger riding.”

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Ministry slams subsidies by car-hailing apps, vows better regulatio

The chief of transport authority on Monday criticized subsidies car-hailing applications are offering to their users, pledging to better regulate for-profit rides by private cars. Yang Chuantang, head of the Transport Ministry, said giving subsidies is a "short-term move" and imposes "unfair competition" on traditional taxi business. "The purpose (of

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