The ride-hailing company warned they might be subject to penalties, as regulatory bodies might not be satisfied with the inspection results. It's also reportedly looking into the company's pricing mechanism.ĭidi had warned in its IPO prospectus that it met with regulators earlier this year. China's market regulator, the State Administration for Market Regulation, is investigating whether Didi used any competitive practices that unfairly pushed out smaller competitors, Reuters reported. The company recently got approval to test self-driving vehicles in Beijing.ĭidi is also facing an antitrust probe into some of the largest Chinese companies.
In addition to traditional ride-hailing, Didi is heavily invested in making autonomous taxis a reality. Part of the proceeds raised from the IPO will also go to growing its presence in international markets. It began expanding internationally in 2018, and the company now operates in 14 countries outside of China, with Brazil and Mexico being the largest contributors, according to a Loop research note from earlier this month. Didi, which was founded in 2012, said in its IPO prospectus that it has 493 million annual active riders, and 41 million average daily transactions.
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