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News, Analysis & Perspective on Autonomous Vehicles

Didi’s car-sharing arm reportedly goes bankrupt

On the evening of July 25, a screenshot related to Didi’s ongoing bankruptcy audit was leaked by an accounting firm employee. On Chinese social media platform Weibo, a user suspected of being a Didi employee confirmed that the firm’s car-sharing business is going into liquidation. The news comes as Didi’s autonomous driving business, which is heavily associated with its car-sharing venture, is undergoing mass layoffs.

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