2023 Economic Performance: A Year of Resilience and Transition
CategoryNews Briefs
The pool of unemployed people is expanding, and the two core employment platforms absorbing this workforce—Meituan and Didi (with 19 million active ride-hailing drivers as of 2023)—are facing strain. Didi has already halted new driver registrations in many cities (to prevent existing drivers from earning too little due to reduced order volume). Reports indicate that in these areas, drivers are completing fewer than 10 orders per day.
Even worse, AI-powered autonomous driving continues to advance. Huawei recently announced that its L2.9 system surpasses Tesla’s L4.
Halting New Driver Registrations! The Ride-Hailing Industry Enters an Era of Fierce Competition
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