Chinese regulators on Tuesday announced new rules to rein in the country’s ride-hailing industry in a move that increases pressure on the sector’s embattled leader Didi.
The rules from six regulatory agencies include limits on fees companies can earn from each ride they dispatch and urge them to provide benefits such as insurance for their drivers.
It is the latest development to hit SoftBank-backed Didi and other Chinese tech companies as Beijing ratchets up regulatory scrutiny of the sector and seeks to reshape its digital economy.
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