Didi Global is shutting down its food business in Japan as the Chinese ride-hailing and delivery company prepares for a delisting in the US, Nikkei Asia reported.
The company launched services in April 2020 in Osaka and later expanded to nine prefectures, according to its website. “Unfortunately, due to local market conditions, we have made the difficult decision to discontinue DiDi Food in Japan,” it said.
Read the full report: Nikkei Asia
The region’s investors were in positive mood and bond markets were calmer as traders took…
US tech giant plans to spend $8 billion over the next decade to grow Oracle…
Fading hopes of a US interest rate cut anytime soon have pushed the Japanese currency…
The solar division of Korean conglomerate Hanwha Corp, Qcells, is looking to protect a planned…
President eyes hiking tariffs amid a push for blue-collar votes on a visit to Pittsburgh,…
With Japanese firms now wary about investing in China, the US's economic resilience has proven…