Chinese ride-hailing company Didi Chuxing has removed 300,000 drivers who didn't meet standards set by its 2018 safety review. The decision shows a commitment to passenger safety for the loss-making firm instead of growth at all costs. The driver shortage, which will increase user wait times, could result in Didi's valuation being halved from the $$20m it reached last year. However, the SoftBank-backed business is reportedly looking to create an autonomous driving unit, which could eventually alleviate the worker deficit. The new safety standards, coupled with customer service bolstered by 80bn of spending, is a response to two fatal accidents.
Chinese ride-hailing company Didi Chuxing has removed 300,000 drivers who didn't meet standards set by its 2018 safety review. The decision shows a commitment to passenger safety for the loss-making firm instead of growth at all costs. The driver shortage, which will increase user wait times, could result in Didi's valuation being halved from the $80bn it reached last year. However, the SoftBank-backed business is reportedly looking to create an autonomous driving unit, which could eventually alleviate the worker deficit. The new safety standards, coupled with customer service bolstered by $20m of spending, is a response to two fatal accidents.