DiDi, Alibaba's Latest Strategy To Counter Tech Crackdown

Comments
Loading...
  • China's Uber Technologies UBER equivalent DiDi Global Inc DIDI is exploring a landmark move to set up a union for its staff, Reuters reports.
  • The company's Beijing headquarters' employees will manage the union, and the government-backed All-China Federation of Trade Unions (ACTFU) will guide the union.
  • The union will likely welcome Didi's drivers lacking full employee benefits, Bloomberg reports
  • Didi had recently introduced a driver pay transparency feature in its app amid criticism. In July, China issued guidance on safeguarding the rights of gig economy workers and suggested the formation of unions.
  • Food delivery leader Meituan MPNGY is also studying the feasibility of internal labor rights organizations. Alibaba Group Holding Ltd BABA employees also harbor similar aspirations.
  • In the U.S., Amazon.com Inc's AMZN Alabama workers had opposed joining a union earlier this year.
  • Price Action: DIDI shares traded higher by 0.73% at $8.22 in the premarket session on the last check Wednesday.
Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!