(Yicai Global) Aug. 17 — China’s ride-hailing sector recovered in July from June amid loosening Covid-19 travel restrictions.
Residents completed 695 million trips last month, a 9 percent increase from June or an almost 11 percent decline from a year ago, the ride-sharing watchdog announced yesterday.
Nine out of 10 top ride-hailing platforms logged an uptick in orders last month, except for automaker SAIC Motor’s Xiangdao Chuxing. The growth rates of Xiehua Chuxing, T3 Chuxing, Meituan…