DiDi
Chinese vehicle for hire company
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August 2024 | The Mona M03 went on sale ahead of the 2024 Chengdu Auto Show. |
July 2024 | The Mona vehicle was introduced. |
June 2024 | The Mona vehicle was previewed with a set of images. |
May 19 2024 | Jean Liu, co-founder of DiDi, stepped down from her roles as president and board director after a decade. She will continue as 'permanent partner' and chief people officer. |
August 2023 | DiDi sold its EV development business and the Mona project to XPeng after dismissing the majority of the Da Vinci team. |
January 2023 | DiDi won approval to restart new user registration in China, seen as a softening of China's tech company crackdown. |
July 2022 | DiDi was fined 8.026 billion yuan ($1.2 billion USD) by the CAC for breaking cybersecurity laws. CEO Cheng Wei and President Jean Liu were each fined $150,000. |
June 13 2022 | DiDi formally delisted from the NYSE and began trading over-the-counter under the symbol 'DIDIY'. |
April 2022 | Suspended services in South Africa, just a year after its initial launch. |
March 2022 | Suspended services in Kazakhstan due to 'market changes and other challenges' and expressed intention to exit Russia. |
March 2022 | DiDi's plans to re-list on the Hong Kong Stock Exchange were halted after the CAC informed executives they failed to meet security regulations, causing DiDi's shares to fall 44%. |
December 2021 | DiDi announced plans to delist from New York and re-list on the Hong Kong Stock Exchange. |
September 2021 | Launched services in Egypt, establishing its second presence on the African continent. |
August 2021 | The U.S. Securities and Exchange Commission temporarily halted all IPOs from Chinese companies due to uncertainty surrounding DiDi and other Chinese companies. |
July 4 2021 | The Cyberspace Administration of China (CAC) ordered app stores to remove DiDi apps, citing violations in personal information collection and usage. |
June 30 2021 | DiDi went public on the NYSE under the stock ticker 'DIDI', raising $4.4 billion with a valuation of nearly $70 billion, against Chinese government guidance. |
June 16 2021 | The State Administration for Market Regulation (SAMR) launched an investigation into DiDi around pricing and competitive practices. |
June 10 2021 | DiDi filed to go public on the New York Stock Exchange, hoping to raise $10 billion, becoming the second largest Chinese share offering in the US since Alibaba. |
May 2021 | Launched services in Kazakhstan, becoming its fourth country in the Eurasian market. |
April 2021 | DiDi officially started its own car-building plan codenamed 'Da Vinci', establishing a headquarters in Shunyi District, Beijing and recruiting 1,700 employees across various technical teams. |
March 2021 | Announced launch in South Africa after conducting a pilot in Gqeberha. |
August 2020 | Launched service in Kazan, Russia, marking its entry into the Russian market. |
January 2020 | Began hiring staff to initiate business operations in Russia. |
2018 | DiDi launched the 'Red Flag Steering Wheel' program, making verified Chinese Communist Party (CCP) members visible as drivers and pledging to hire 1,000 CCP members as part of its safety initiative. |
September 2018 | DiDi announced a $20 million investment in customer service, creating an in-app safety center, introducing en-route audio recording, police assistance button, and increasing in-house customer service team to 8,000 staff. |
August 2018 | A second female passenger was raped and killed on the Hitch service, leading DiDi to suspend the Hitch services and begin platform reforms. |
May 2018 | DiDi faced negative media coverage after a female passenger was murdered on its Hitch social carpooling service. |
April 2018 | Started operations under its main name in Mexico, expanding its international presence. |
January 2018 | Completed the acquisition of 99 and began operating in Brazil under the 99 brand. |
December 2017 | Reuters reported DiDi raised $4 billion for global market expansion and investments in Artificial Intelligence technologies. |
April 28 2017 | DiDi closed a new financing round of over US$5.5 billion, valuing the company at US$50 billion and supporting its global expansion strategy. |
March 2017 | Opened DiDi Labs, a research and development center in Mountain View, California, U.S., demonstrating the company's commitment to technological innovation. |
March 2017 | The Wall Street Journal reported SoftBank Group Corporation approached DiDi with a potential $6 billion investment to fund expansion in self-driving car technologies. |
January 2017 | DiDi made a strategic investment in 99, Brazil's largest local shared mobility provider, with intentions to provide strategic guidance in technology, product development, operations, and business planning. |
August 2016 | DiDi acquired Uber China and obtained an equity interest in Uber, marking a significant expansion in the ride-sharing market. |
This contents of the box above is based on material from the Wikipedia article DiDi, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.