Didi Chuxing attracts 21 million drivers
On-demand mobility company Didi Chuxing has attracted more than 21 million people to drive for it, the company said on Tuesday. Nearly 4 million of the drivers were workers laid-off from traditional industries, such as iron and steel, amid China’s capacity-cutting efforts, the company said, citing a recent survey examining the growth of its driver community. About 1.8 million were former soldiers looking for re-employment, and 2 million drivers were women, the company said in the news release. The platform helps generate 170 yuan ($25.7) of per capita income for about 2.6 million drivers every day, mostly with diverse professional backgrounds, working on a part-time basis, it said. Didi President Jean Liu said last month in New York that 25 million rides took place every day via the app. After acquiring Uber’s China operation last year, Didi dominates the country’s car-hailing business. buy a majority stake in Spanish sports rights group Imagina for $1 billion, the latest deal from deep-pocketed Chinese investors to transform the Asian country into a global soccer powerhouse. Imagina, usually just known as Mediapro after the name of one of its subsidiaries, has the rights to distribute the La Liga soccer championship, Europe’s third-richest league. The Chinese private equity firm had reached a preliminary deal with three of Imagina’s shareholders to buy a 54 percent stake, Imagina founder and chairman Jaume Roures told Reuters in an interview. Roures said the deal still had to be authorized by the Chinese government, which has supervised over overseas football investments in recent months, though he hoped the operation could be closed in early 2018. Investment Property Corp. The “Tech Town” project, which plans to house more than 3,000 high-tech companies, will be built near Dubai’s free port Jebel Ali, the United Arab Emirates. Speaking at the China-UAE Science and Technology Cooperation and Innovation Forum at the Dubai Investment Week, David Zheng, president of CFIPC, said the project will “work as an incubator for firms” from China, the Middle East and the rest of the world to produce innovative solutions around digital transformation, robotics and mobility.