The Chinese ride-hailing company Didi Global plans to expand services and offer more subsidies to passengers and drivers, as well as to shore up its business in China after the end of a regulatory probe.
The company will work with partners in the industry to provide more services and cover more cities, according to an online statement posted on Thursday by the company, which cited a speech at an event in the coastal city of Fuzhou.
Travel and consumption are quickly recovering in China. The number of orders for online ride-hailing is increasing, according to the statement.
The Chinese company had been a target of Beijing's sweeping crackdown on the tech sector, which began in 2021 and has been easing in recent months. Didi was banned by Chinese regulators from taking in new users, and its app was removed from app stores from mid- 2021 to January.
The ride-hailing firm, which was founded in Beijing in 2012 and backed by prominent investors including Alibaba, Tencent and SoftBank Group, ran afoul of regulators at the powerful Cyberspace Administration of China when it pressed ahead with a U.S. stock listing against the regulators' wishes in 2021, sources told Reuters.
In January Didi said in a statement that it had been given the green light from domestic regulators to resume new user registrations for its core ride-hailing app. The technology sector is being tapped by Chinese policymakers to help spur an economy ravaged by the COVID 19 pandemic and restore private sector confidence.