Didi Chuxing Steers Into Financial Sector
Zhang Yushuo
DATE:  Jan 03 2019
/ SOURCE:  yicai
Didi Chuxing Steers Into Financial Sector Didi Chuxing Steers Into Financial Sector

(Yicai Global) Jan. 2 -- Didi Chuxing, the world's largest ride-hailing firm, rolled out a host of financial services nationwide today, marking its first official move into the sector after setting up a dedicated unit last year.

Wealth management products, insurance and loans from banks are among the services the Beijing-based firm now offers, it said in a statement today. Passengers and drivers can find them inside the company's ride-hailing app, alongside auto financing solutions.

"Financial services are expected to help Didi build a stronger network of collaboration and shared interests and in turn, a tighter and more efficient transportation ecosystem," the statement said.

Didi set up the unit at the start of last year to offer financing and other diversified services for its drivers, passengers and partners -- a vast population given the massive scale of the company, which claims to have over 450 million users and is best known for crashing Uber out of China several years ago.

Before takings the products nationwide, Didi trialed the financial services in 10 Chinese cities including Chongqing, Zhengzhou and Foshan.

Editor: James Boynton

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Keywords:   Didi Chuxing,Financial Service