Chinese ride hailing company, Didi, is set to expand its services and have more subsidies to passengers and drivers, following the end of regulatory probe, said the company on Thursday. The company is planning to collaborate with partners in the industry to offer more services and cover more cities, the company added in a statement posted on Thursday. Didi has been included in China's crackdown on the tech sector since 2021, and started to ease in the past few months. The company as banned by Chinese regulators to offer its services to new users, and the app was removed from app stores in 2021, going back up this January. "Currently, traveling and consumption are quickly recovering across China. The number of orders for online ride-hailing is constantly increasing," mentioned the company. The company, which launched in 2012 in Beijing and was backed by investors like Alibaba, Tencent and SoftBank Group, infringed the regulators with its U.S. stock listing in 2021. Chinese restrictions were lifted in January, giving Didi the permission to resume new user registrations for its app, as the Chinese government works on restoring confidence of the private sector and the technology sector, to help with the economic recovery.
