The end of China’s ride-sharing gig

In recent years, millions of Chinese workers have managed to earn extra money by driving drivers. Many chose the position because of its flexible schedule. For those who would not otherwise be able to own a car in the expensive metropolises of China, car traffic is also a symbol of status, even if they pay back monthly car loans. Most drivers on Didi Chuxing – the startup that captured 90% of trips to China in 2017 by the consulting firm Bain & Company – were part-time. According to a report published by Didi in October 2017, half of its drivers

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