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China ride-hailing app Didi reports $6bn loss

Chinese ride-hailing app Didi Global has seen losses deepen after a crackdown by Beijing.

Chinese ride-hailing app Didi Global has seen losses deepen after a crackdown by Beijing. The Chinese government ordered online stores not to offer the company's app earlier this year, and Duncan Clark, chairman of the advisory firm BDA China explains the background to Didi's woes. Also in the programme, Argentina is in talks with the International Monetary Fund about its debts. We hear about the implications from Daniel Munevar, who is an economist with the United Nations Conference on Trade and Development, and Amy Booth, who is a journalist based in Buenos Aires. Plus, the Βι¶ΉΤΌΕΔ's Vivienne Nunis reports on how fashion designer Angel Chang quit her job in the designer fashion houses of New York, to start her own clothing line, employing indigenous craftspeople in the remote mountain villages of Guizhou, China, to grow organic cotton, and sew her collection by hand.

(Picture: A Didi logo on a smartphone. Picture credit: Getty Images.)

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27 minutes

Last on

Thu 30 Dec 2021 22:32GMT

Broadcast

  • Thu 30 Dec 2021 22:32GMT