China's Didi adds finance to the mix

The Story of Money

Manuela Saragosa

Business, Crypto, Markets, Finance, Banking, Investing, History, News

4.4 • 400 Ratings

🗓️ 8 January 2019

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

In 2017, the Chinese ride-hailing app was the highest valued start-up in the world at $56bn. But after a difficult period in 2018 following the murder of two passengers on its platform and a government crackdown, Didi has made a move to diversify by offering financial services. The FT's Yuan Yang reports.

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0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Can I show this data?
0:04.0	Am I too late?
0:05.0	Find clarity in your investment decision-making.
0:08.0	Manage your portfolio for sustainable growth
0:11.0	and regulatory alignment
0:12.0	with the ultimate blend of powerful AI and
0:14.6	industry expertise.
0:16.5	Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on
0:21.1	facts, not opinions.
0:23.0	Clarity AI, scaling human decisions through tech.
0:26.6	Visit clarity.
0:27.7	AI and take action today.
0:30.2	At one point not too long ago,
0:31.9	the Chinese ridehailing app DD, also known as the Uber of China,
0:36.2	was the highest valued startup in the world.
0:38.8	At 56 billion dollars, DD's valuation was even higher than that of Uber, at least for a little while.
0:46.6	But the ride-hailing behemoth has had a difficult period.
0:49.8	Two riders were murdered using the DD platform last year and it prompted a widespread
0:54.8	user backlash and government crackdown. This is behind the Money with the Financial Times
1:00.2	I'm Amy Keene. Today on the show we're looking at D. It's rapid rise, its latest move to diversify,
1:07.0	and what all of that means for tech in China.
	...

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