DiDi Launches In-App Financial Services across China

Introducing mutual protection, personal credit and automobile financing products

  A Xiaoju Auto Solutions center combines online and offline auto purchasing, leasing and after-market services.

A Xiaoju Auto Solutions center combines online and offline auto purchasing, leasing and after-market services.

Beijing, 2 January 2019  Didi Chuxing, the world’s leading mobile-based transportation platform, today unveiled a financial services module in its China app. The new service now offers, among others, mutual protection and crowdfunding products for critical illnesses, credit and lending, wealth management and auto-financing services.

DiDi officially inaugurated a financial services unit in early 2018 to develop convenient, reliable and licensed financing, mutual protection insurance, payment, wealth management and other diversified financial products to the company’s broad base of passengers, drivers, car-owners and business partners. Prior to the nationwide launch, the in-app services were trialed in 10 cities including Chongqing, Zhengzhou and Foshan.

  Newly introduced financial services in the DiDi app

Newly introduced financial services in the DiDi app

This initial launch features two groups of services. DiDi protection and credit services provide innovative and reliable personal financial products in an era of new economy and flexible employment. A new health insurance product, for instance, breaks down annual critical illness insurance to lower the entry barrier for gig economy workers and broaden the scope of protection for more families. Other mutual protection and lending services draw on the credit mechanism and data-driven risk control architecture of DiDi as a bilateral transaction platform to provide enhanced financial facility.

Through Auto-financing solutions, the finance arm will work with DiDi’s new auto-solutions business to expand a quality supply base for China’s vibrant mobility market by creating effective links between top-tier drivers and partners and a high-quality supply of new energy vehicles through competitive and reliable purchasing, leasing, trading and financing services. On the whole, financial services are expected to help DiDi build a stronger network of collaboration and shared interests and in turn, a tighter and more efficient transportation ecosystem.

About Didi Chuxing

Didi Chuxing (“DiDi”) is the world’s leading mobile transportation platform. The company offers a full range of app-based transportation options for 550 million users, including Taxi, Express, Premier, Luxe, Bus, Designated Driving, Enterprise Solutions, Bike Sharing, E-bike Sharing, Car Sharing and food delivery. Over 31 million drivers have found flexible work and income opportunities on the DiDi platform.

DiDi is committed to collaborating with policymakers, the taxi industry and communities to solve the world’s transportation, environmental and employment challenges with smart transportation innovations. The company is working with a growing alliance of car industry players to build out a next-generation auto-solutions and operations platform. 

DiDi partners with Grab, Lyft, Ola, 99, Taxify and Careem in a global ride-hailing network that reaches over 80% of the world’s population across over 1,000 cities. Currently, DiDi provides ride-hailing services in Brazil under the 99 brand, operates DiDi-branded mobility services in Mexico and Australia, and provides taxi-hailing service in Japan through a joint venture. By continuously improving user experience and creating social value, DiDi strives to build a safe, open and sustainable mobile transportation ecosystem.

For more information, please visit: www.didiglobal/news

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