Didi steps up financial drive as it courts car leasing companies

Didi steps up financial drive as it courts car leasing companies

5 years ago
Anonymous $fWzGa1uP8i

https://techcrunch.com/2019/04/11/didi-financial-services-for-leasing-partners/

Didi Chuxing is making a further push into the financial arena as it looks to diversify its business amid huge losses. We reported in January that the company, which controls a dominant slice of China’s ride-hailing market, released financial and insurance products targeting riders and drivers. Its service offering just broadened after the startup launched on Thursday an online financial system aimed at car leasing and fleet management companies.

The move to carve out a product exclusively for third-party partners is telling of Didi’s conviction to secure more drivers and cars amid changing industry currents. In its purest form, a ride-hailing company serves as a marketplace connecting individual drivers and passengers. As Beijing continues to rein in the sector over safety concerns and, some argue, threats that ride-hailing poses to state-owned taxi operators, the industry little by little sheds its appearance as a sharing-economy business.

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