China's Didi revives Hitch after serving 15 month suspension

Analysts expect relaunch to boost investor confidence ahead of IPO

Didi's re-entry to the carpooling sector will likely intensify competition among China's ride-hailing companies, but analysts believe it may take customers longer to overcome fears over safety. (Photo courtesy of Didi)

NIKKI SUN, Nikkei staff writer

November 6, 2019 20:32 JST

HONG KONG -- Chinese ride hailing giant Didi Chuxing will relaunch its Hitch carpooling service later this month after serving a one-year suspension following the murders of two passengers by their drivers last year.

While Didi's re-entry to the carpooling sector will likely intensify competition among China's ride-hailing companies, analysts believe it may take customers longer to overcome fears over safety.