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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)

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.

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