China to launch state-backed transport platform for ride-hailing, trucking | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 95%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

China will soon launch a state-backed platform for transport which includes services of ride-hailing, cargo trucking, road transport, railway, ferry and flight services

The online platform, which has completed internal tests, is expected to integrate more than 90% of total capacity of the transportation market, the newspaper said. China’s ride-hailing market was dominated by Didi Global which ran afoul of powerful regulator the Cyberspace Administration of China in 2021. The 18-month ban on the ride-hailer was lifted on Monday after the company took effective measures to ensure platform safety and data security.

The report did not give details of why the government was introducing the platform, whether customers would be obliged to use it or whether it would compete with existing platforms. The report alluded to the disorderly expansion of ride-hailing apps and issues of data security.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

State backed= State owned

Well, this isn't a crime.

That’s not new, from a transportation prospective…. SinoTrans handling larger logistical movements though in the day were primarily express/postal system and did the DHL deal

Is this in an effort to stop Chinese drivers from finishing off people they've hit?

Überwachung 😪😪😪

Arrr, China be launchin' a mighty fleet of transport services, but we pirates still prefer the thrill of the open seas. Yarr

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China records first population decline in 60 years | CNN BusinessChina's population shrank in 2022 for the first time in more than 60 years, a new milestone in the country's deepening demographic crisis with significant implications for its slowing economy. One child policy that forces families to relinquish their daughters...who saw this coming? Suppose China had 800,000 deaths from covid last year? Covid deaths have any bearing on the population decline in China.
Source: cnni - 🏆 326. / 59 Read more »

China posts one of its worst economic performances in decades because of Covid | CNN BusinessChina's economy expanded by just 3% in 2022, far below the government's own target, marking one of the worst performances in nearly half a century. Growth was impacted heavily by months of widespread Covid lockdowns and a historic downturn in the property market. But better that your expected. :V Don't worry they'll be fine once Biden sends over more of our fuel and money Compared to US and Europe which are at 0% or minus
Source: cnni - 🏆 326. / 59 Read more »

Global oil demand could hit record high as China reopens | CNN BusinessGlobal oil demand is expected to hit its highest-ever level this year on the back of China's swift reopening of its economy. We had a chance, right at the beginning of the pandemic, to finally get off fossil fuels on a global scale. We blew it. Might b time to do some drillin. Just sayin. Russia is going to make millons selling oil to China
Source: cnni - 🏆 326. / 59 Read more »