Didi Chuxing Makes Move into Financial Services

China’s top ride sharing app Didi Chuxing has made the move into financial services by offering car insurance, personal loans and a crowdfunded medical insurance product; the new products are available through the ride sharing app or in a standalone app named Didi Finance; the move will put the company in direct competition with Tencent and Ant Financial; Didi plans to use their vast wealth of data collected to determine credit worthiness and what product is right for an individual person; the company had a tough 2018 with new regulations and violent incidents that put the company in the headlines for all the wrong reasons. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]