Didi Driver Enablement Network

“To remain competitive in certain markets and generate network scale and liquidity, we sometimes lower fares or service fees, offer significant driver incentives and offer other consumer discounts and promotions. We may engage in these practices to try to gain a leading position in a market or to try to protect a leading position against competitors. We may continue to offer these discounts and incentives on a large scale for an indefinite period of time if we feel it is necessary.”

This is DiDi admitting to price fixing fares for independent contractors in order to maintain an unlawful monopoly their U.S. Securities and Exchange Commission filing on June 10, 2021

#antitrust #pricefixing #gigeconomy #ridehailing #marketplaces State Administration for Market Regulation #SAMR JING JIN #AML

Author: Litesand

Antitrust, real estate, e-commerce, fintech, proptech, bigtech View all posts by Litesand