Didi loses 30% of Beijing’s daily users following the IPO

Didi Chuxing Updates

China’s leading consumer program, Didi, has seen daily users drop by 30% since its first public launch in New York in June has sparked outrage in Beijing.

Within days of Didi IPO, Chinese regulators banned the company from signing new customers while conducting ongoing data security research. Supervisors also ordered the dealership to remove another 25 Didi programs, including those that register new drivers.

Didi shares have fallen more than 40% since the IPO and its competitors began to lure their customers and promotions.

Data from Aurora Mobile, which examines how Chinese mobile operators work, shows the number of daily Didi users for August reached 10.9m, from 15.6m in June. His main opponents increased the number of users or saw them fall slightly.

Based on the history of subscribers, banning the opening of new accounts prevents Didi from having 4m users per month.

The company has not yet commented on its shares in the US for the second quarter and has not said when it will do so. Many companies report in recent weeks.

Didi did not respond to repeated requests to comment on daily users or his financial views and as an external contributor he is not obliged to comment on the financial statements of any quarter.

Separately, statistics from China’s transportation department show that the number of travel companies that managed to climb more than 300,000 flights a month rose to 17 for the first time in July.

“Once I started using Amap, I found it easier, and more flexible,” said Jiang, 26, in Beijing. He turned to Alibaba Newspapers, which includes riders on horseback, waiting for Didi’s vehicles to wake up following the government’s action.

China’s top-notch travel groups have released promotions and discounts to attract Didi users and drivers.

“Meituan is offering a lot of bonuses to newly registered drivers,” said a driver in Beijing, who left Didi for the Meituan platform in mid-July to take advantage of the opportunity.

“We all know this could be a big change. Government money promoting its spread.

The new rules announced last week by the transport department could also disrupt Didi’s operations in the long run. The law prohibits the use of unlicensed passenger transport vehicles or vehicles and calls on service providers to “speed up” the ban on non-compliance with existing vehicles.

Officials had been out of control for a number of years and Didi and Piggy Express’s assistants were the beneficiaries. Every month this year their fair share of livelihoods are rising among China’s rising tide, the government demonstrates.

About 41% of Didi’s riders were fully approved in July, while Piggy Express only represented 24%, according to information from the steering department.

However, some experts believe that Didi could withstand the storm.

“Didi is still a major player in the market and consumer change could be temporary if Didi takes action to address their concerns,” said Guo Shan, a researcher at Plenum in Beijing.

“Laws can be a big problem. “If Beijing asks Didi to share or discontinue their contract with the drivers, then it would be easier for competitors to compete in the market,” he said.

Advice on cyber security research suggests that the process should be completed within three months, but Didi did not elaborate.

Additional reports of Nian Liu and Emma Zhou in Beijing

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