There will be stricter rules in China for taxi apps such as Didi. For example, drivers are not allowed to earn less than the local minimum wage and they are entitled to breaks. They must also have access to social services. The rules could have major consequences for companies in the multi-billion dollar industry.

For example, Didi has 15 million drivers and nearly 500 million users. It is not clear whether the Chinese authorities want taxi services to see their drivers as employees. There are lawsuits about this in other parts of the world. A Dutch court ruled in September that taxi app Uber must hire its drivers because of "modern employer authority".

Taxi service Didi, like the entire Chinese tech sector, has been dealt with more and more by the Chinese authorities for some time. Big tech companies have been given too much power, according to Beijing. Last week it was announced that Didi may have to delist his stock exchange listing in the United States. In recent months there have been inspections at offices, threats of hefty fines and the decision to postpone the introduction to the Western European market.

stock exchange listing

The Chinese taxi service Didi begins the process to delist the US stock exchange. The Chinese company's decision comes shortly after US regulators passed a rule that would allow them to remove foreign companies.

In a short statement, the company writes that after careful consideration it has decided to delist the American stock exchange and to work on a listing in Hong Kong. Chinese regulators had previously asked the company, according to Bloomberg news agency, to make plans to delist due to the possible leak of sensitive data.

Read also: Taxi service Didi may have to give up stock exchange listing

DiDi taxi app.
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